Lianchuang Electronic extends substantial guarantees to subsidiaries

Lianchuang Electronic Technology Co., Ltd. (Lianchuang Electronic) has provided guarantees totaling RMB 708m for its consolidated subsidiaries in August 2025. This move aligns with the RMB 11,180m guarantee quota approved by the board of directors on April 24, 2025, and by shareholders on May 16, 2025, to support business development and operational funding needs. The approved quota includes RMB 6,440m for subsidiaries with a debt-to-asset ratio below 70% and RMB 4,740m for those above 70%.

The recent guarantees include RMB 248m for subsidiaries with a debt-to-asset ratio below 70%. Specific guarantees include RMB 43m for Hefei Lianchuang Optical Co., Ltd., RMB 120m for Zhengzhou Lianchuang Electronic Co., Ltd., RMB 70m for Jiangxi Lianyi Optical Co., Ltd., RMB 5m for Fuzhou Lianchuang Hengtai Optoelectronics Co., Ltd., and RMB 10m for Jiangxi Lianbo Electronic Technology Co., Ltd. Additionally, RMB 460m was guaranteed for subsidiaries with a debt-to-asset ratio exceeding 70%, with RMB 190m for Jiangxi Lianchuang Electronic Co., Ltd., RMB 20m for Jiangxi Lianchuang Electronic Co., Ltd., and RMB 40m for Hefei Zhixing Optoelectronics Co., Ltd.

As of the announcement date, the company's total external guarantee quota is RMB 11,180m, representing 512.59% of its net assets as of December 31, 2024. The cumulative outstanding guarantee balance is RMB 8,027.7473m, or 368.06% of the 2024 net assets. Guarantees for non-consolidated entity Jiangxi Lianchuang Hongsheng Electronic Co., Ltd. stand at RMB 5m, accounting for 0.23% of the 2024 net assets. The company reports no overdue external guarantees or litigation-related guarantee losses.