FilingReader Intelligence

East Money Information guarantees subsidiary's ¥1.5 bn bank facilities

September 19, 2025 at 05:17 PM UTCBy FilingReader AI

East Money Information Co., Ltd. (the "Company") announced it has signed a maximum guarantee contract for its wholly-owned subsidiary, Shanghai Tiantian Fund Distribution Co., Ltd. ("Tiantian Fund"). The Company will provide a maximum joint and several liability guarantee of ¥1.50 bn to China Everbright Bank Shanghai Branch to secure Tiantian Fund's obligations under a renewed one-year cooperation agreement. The guarantee covers principal, interest, penalties, and other related expenses, with the guarantee period lasting three years from the expiration of Tiantian Fund's performance obligations. The signing of the contract was completed on September 19, 2025.

This guarantee falls within the scope of authority approved at the Company's 2024 annual shareholders' meeting on April 7, 2025, which authorized a maximum guarantee limit of ¥20.00 bn for Tiantian Fund's 2025 bank credit and borrowing. Following this latest agreement, a remaining available guarantee quota of ¥9.10 bn for Tiantian Fund in 2025 remains.

As of the disclosure date, the Company's outstanding guarantees for its controlled subsidiaries amount to ¥1.84 bn, representing 2.28% of the Company's net assets attributable to the parent company as per the latest audited figures. The Company and its controlled subsidiaries have no overdue external guarantees or guarantees involved in litigation.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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