East Group subsidiary secures 82m yuan financing

East Group Co. announced that its wholly-owned subsidiary, Hebei Yinyang New Energy Development Co., Ltd., has secured 82 million yuan in financing from Suzhou Financial Leasing Co., Ltd. This financing is part of a broader resolution passed by East Group's board of directors and annual general meeting in April and May 2025, which approved financing activities totaling up to 371,300 million yuan for nine holding and subsidiary companies, with East Group providing guarantees up to 440,800 million yuan.

As part of this latest financing, East Group's wholly-owned sub-subsidiary, East Group Digital Energy Technology (Guangzhou) Co., Ltd., pledged its 100% equity in Hebei Yinyang as collateral. East Group itself has also provided a joint and several liability guarantee for all debts arising from Hebei Yinyang's financing lease agreement with Suzhou Financial Leasing Co., Ltd. The guarantee period extends for three years from the fulfillment of the debtor's obligations.

As of the announcement date, East Group and its holding subsidiaries have a cumulative guarantee amount of 232,833.77 million yuan, representing 34.03% of the company's net assets as of the audited 2024 financial year. The actual provided guarantee balance stands at 194,738.42 million yuan, which is 28.46% of the 2024 audited net assets.