Dynanonic Group issues guarantees for subsidiary loans totaling 4.8bn yuan

Shenzhen Dynanonic Co., Ltd. has provided external credit support for three of its controlled subsidiaries. The company and its subsidiary, Qujing Defang Yiwei Co., Ltd., secured a credit line of 50,000,000 yuan from Ningbo Bank Shenzhen Branch for Defang Yiwei, with Dynanonic providing a maximum guarantee of 50,000,000 yuan. Additionally, the company and its subsidiary, Shenzhen Dynanonic Innovation New Energy Technology Co., Ltd., obtained a credit line of 10,000,000 yuan from Ningbo Bank Shenzhen Branch for Dynanonic Innovation, with the company guaranteeing up to 4,284,000 yuan based on its equity proportion.

Furthermore, Qujing Defang Chuangjie New Energy Technology Co., Ltd., another controlled subsidiary, received a credit line of 8,000,000 yuan from Bank of Communications Shenzhen Branch, for which Dynanonic provided a maximum guarantee of 3,427,200 yuan, also based on its equity holding. These guarantees were approved by the company's board of directors on April 25, 2025, and by shareholders on May 19, 2025, within previously approved limits.

As of the disclosure date, the company's total actual guarantee balance for its controlled subsidiaries amounts to 4,840,701,900 yuan, representing 87.29% of its net assets as of the latest audited period. Dynanonic emphasizes that Defang Yiwei has provided counter-guarantees, mitigating the company's risk exposure. The company reported no overdue guarantees, litigation, or liabilities from adjudicated losses related to these guarantees.