WUS Printed Circuit boosts subsidiary growth with new guarantees, adjusts stock options

WUS Printed Circuit Kunshan (SZSE:002463) announced a series of guarantees for its wholly-owned and controlled subsidiaries. For its wholly-owned subsidiary WUS International Limited, with a debt-to-asset ratio exceeding 70%, the company is providing a maximum guarantee of RMB 400,000,000 to China CITIC Bank Suzhou Branch, superseding a prior agreement. The guarantee covers principal and associated costs, with a three-year period for a joint liability. Overall, the company approved a total guarantee of up to RMB 5,000,000,000 for various subsidiaries, including RMB 2,000,000,000 for those with debt-to-asset ratios of 70% or more, and RMB 3,000,000,000 for those below 70%.

Additionally, WUS Printed Circuit Kunshan is supporting its controlled subsidiary, WUS Printed Circuit (Thailand) Co., Ltd., which has a debt-to-asset ratio of 76.96%. The company provided a guarantee of RMB 420,000,000 for a fixed-asset loan from China Minsheng Bank Shanghai Free Trade Zone Sub-branch, with a three-year period for joint liability. As of August 28, 2025, the total outstanding external guarantees do not exceed RMB 1,998,000,000, representing no more than 16.88% of the company's latest audited net assets.

In a separate announcement, the company completed the cancellation of 129,000 stock options from its 2024 Stock Option Incentive Plan due to the departure of eight incentive recipients. This adjustment reduces the total number of stock options from 29,890,500 to 29,761,500, and the number of incentive recipients from 618 to 610, effective August 27, 2025.