Montnets guarantees subsidiary financing with $183.06m in external guarantees

Montnets Cloud Technology Group Co., Ltd. (Montnets) has announced the provision of guarantees for its wholly-owned subsidiary, Shenzhen Montnets Technology Development Co., Ltd. (Shenzhen Montnets). This follows approvals from the Eighth Board of Directors’ Thirty-Eighth Meeting on June 12, 2025, and the First Extraordinary General Meeting on June 30, 2025.

Shenzhen Montnets has secured a one-year open credit line of up to 48.1 million yuan from Huishang Bank Corporation Limited, Shenzhen Branch, and another for 55 million yuan from China Zheshang Bank Co., Ltd., Shenzhen Branch. Montnets has signed "Maximum Guarantee Contracts" for both, assuming joint and several liability.

These guarantees fall within the previously approved total guarantee limit of 2.5 billion yuan for Montnets and its subsidiaries, valid for one year from the date of shareholder approval. The guarantee for Shenzhen Montnets specifically covers principal, interest, penalties, damages, and other expenses related to the credit lines. The guarantee period for each single credit business is three years from the maturity date of the debt.

As of the announcement date, Montnets' total external guarantees for its subsidiaries amount to approximately 1.8306 billion yuan, representing 107.00% of its most recent audited net assets. The company reports no overdue external guarantees, no external guarantees involved in litigation, and no losses incurred from adverse judgments related to guarantees.