Overseas Chinese Town reallocates $3.111 bn in guarantees for subsidiary growth

Shenzhen Overseas Chinese Town Co., Ltd. has reallocated 3.111 billion yuan in unused guarantee limits from its associate company, Shenzhen Zhaohua Exhibition and Convention Land Co., Ltd., to its controlled subsidiary, Shenzhen Xieyue Real Estate Development Co., Ltd. This adjustment was approved by management and represents 0.58% of the company's most recently audited net assets. Following this reallocation, Shenzhen Zhaohua Exhibition and Convention Land Co., Ltd.'s guarantee limit will decrease from 10 billion yuan to 6.889 billion yuan, while Shenzhen Xieyue Real Estate Development Co., Ltd.'s limit will increase from 0.00 yuan to 3.111 billion yuan.

This decision falls within the scope of authority granted by shareholders at the 2024 annual general meeting. The company will provide a 51% guarantee for Shenzhen Xieyue Real Estate Development Co., Ltd.'s property renovation loan with Beijing Bank Shenzhen Branch, covering a principal amount not exceeding 3.111 billion yuan. As of the end of August 2025, the company's total guarantee balance, including that of its controlled subsidiaries, stood at 288.22 billion yuan, representing 54.19% of its most recently audited net assets. The company reported no overdue guarantee amounts, guarantee amounts involved in litigation, or losses from guarantees where it was found liable.