Anhui Julong Transmission expands guarantees, receives related-party support

Anhui Julong Transmission Technology announced progress on its guarantee arrangements, with cumulative guarantee (including counter-guarantee) contract amounts reaching CNY 7.714 bn, representing 262.63% of its 2024 audited net assets. The company has provided guarantee contract amounts totaling CNY 714m for its wholly-owned subsidiary, Shenzhen Xinlianxin Storage Technology. The company and its subsidiaries have no external guarantees outside the consolidated scope and no overdue guarantees.

The company's board and shareholders previously approved providing new guarantees of up to CNY 8.24 bn for several wholly-owned subsidiaries. Adjustments were made to these amounts, with the guarantee for Shenzhen Xinlianxin Storage Technology now set at up to CNY 865m.

Additionally, the company received a maximum guarantee of CNY 10m from Ping An Bank for Shenzhen Xinlianxin Storage Technology, jointly guaranteed by the company and Ms. Peng Hong. Ms. Peng Hong has also newly provided CNY 8.375 bn in guarantee (including counter-guarantee) contract amounts for consolidated entities, with her total effective guarantee reaching CNY 10.313 bn as of the announcement date.