Dongshan Precision adjusts subsidiary guarantee limits
Suzhou Dongshan Precision Manufacturing Co., Ltd. has approved an adjustment to the guarantee limits between its subsidiaries, as per resolutions passed at a board meeting and an extraordinary general meeting of shareholders. This adjustment operates within the previously approved total guarantee limit of 12.09 bn yuan for 2025, maintaining the overall exposure without increasing the aggregate amount.
Specifically, the guarantee limit for Hong Kong Dongshan Holding Limited and its subsidiaries has been reduced by 33.00 bn yuan, from 40.00 bn yuan to 7.00 bn yuan. Conversely, the limit for Multek Group (Hong Kong) Limited and its subsidiaries has increased by 36.00 bn yuan, from 15.00 bn yuan to 51.00 bn yuan. Additionally, the limit for Everwin Microelectronics (Yancheng) Co., Ltd. has decreased by 3.00 bn yuan, from 5.00 bn yuan to 2.00 bn yuan.
As of August 2025, the company and its subsidiaries' total outstanding guarantees amounted to 4.461 bn yuan, representing 23.62% of the company's net assets as of the end of 2024. There are no overdue guarantees, and no guarantees are involved in litigation or have resulted in losses from judicial rulings.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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