Jolywood guarantees subsidiary's financing with $50,000 to Export-Import Bank

Jolywood (Suzhou) Sunwatt Co. announced a significant guarantee for its controlling subsidiary, Taizhou Jolywood Optoelectronic Technology Co.

This guarantee, for an amount of CNY 50,000, was provided to the Export-Import Bank of China, Zhejiang Branch, to facilitate Taizhou Jolywood Optoelectronic's financing operations. The guarantee falls within previously approved projected guarantee limits for 2025.

Following this latest guarantee, the cumulative outstanding guarantee balance for Taizhou Jolywood Optoelectronic now stands at CNY 126,008.73. The guarantee is a joint and several liability for a term of three years from the maturity date of the debt, covering loan principal and interest.

As of the disclosure date, the total guarantee amount for Jolywood and its controlling subsidiaries is CNY 1,997,895.09, with the actual outstanding guarantee balance reaching CNY 908,167.38. This represents 269.39% of the company's latest audited net assets. Guarantees provided to entities outside the consolidated financial statements total CNY 934.91, accounting for 0.28% of the latest audited net assets. The company confirmed no overdue guarantees, litigation-related guarantees, or losses from guarantee-related judgments.