Dahua Technology updates on $1.34bn subsidiary guarantees

Zhejiang Dahua Technology Co., Ltd. announced the latest progress in providing guarantees for its subsidiaries, following an approval from its Eighth Board of Directors' Eleventh Meeting on March 28, 2025. The company's total guarantee limit for subsidiaries within its consolidated scope is RMB 1,347,700,000. These guarantees support daily operations, including supplier payments, contract performance, and financing activities.

Dahua Technology recently signed a maximum guarantee contract with China Construction Bank Hangzhou High-tech Branch for its subsidiary, Zhejiang Dahua Technology Co., Ltd., covering a principal amount of RMB 900,000,000. Additionally, the company entered into a maximum guarantee contract with Bank of Ningbo Hangzhou Branch for Zhejiang Dahua System Engineering Co., Ltd., providing a guarantee limit of RMB 20,000,000 for credit business contracts signed between September 8, 2025, and September 8, 2028.

As of September 9, 2025, the company's actual external guarantee balance for itself and its subsidiaries reached RMB 886,898,040, representing 24.62% of Dahua Technology's audited net assets at the end of 2024. All guarantees are for subsidiaries, with no overdue or litigation-related external guarantees.