Hanwei subsidiary guarantees loan for environmental equipment firm

Hanwei Electronics Group Corporation announced that its second-level controlling subsidiary, Jiayuan Environmental Protection Co., Ltd., has provided a joint and several liability guarantee for a loan of up to 9.5 million yuan to its wholly-owned subsidiary, Fujian Hengjia Environmental Equipment Co., Ltd. The loan, from Industrial Bank Co., Ltd. Fuzhou Branch, is intended for Fujian Hengjia's operational needs.

Fujian Hengjia Environmental Equipment Co., Ltd. reported total assets of 72.96 million yuan and total liabilities of 51.56 million yuan as of June 30, 2025. For the first half of 2025, the company recorded operating revenue of 27.36 million yuan, with a net loss of 5.46 million yuan. This guarantee arrangement aligns with internal approval procedures and does not require further review by Hanwei's board of directors or shareholders.

As of the announcement date, Hanwei Electronics and its controlling subsidiaries' total external guarantees amount to 189.50 million yuan, representing 6.68% of the company's net assets as of year-end 2024. The actual outstanding external guarantee balance is 104.37 million yuan, which is 3.68% of the company's net assets as of year-end 2024. All guarantees are provided for entities within the consolidated financial statement scope, with no violations or overdue guarantees.