Guoxuan High-Tech issues new guarantees, controlling shareholder adjusts share pledges

Guoxuan High-Tech (002074.SZ) announced new external guarantees totaling 349,300 yuan for its wholly-owned and controlled subsidiaries to support financing activities. These guarantees, granted to various financial institutions, are within the company's approved 2025 guarantee quota of 900 million yuan.

Separately, the company's controlling shareholder, Mr. Li Zhen, processed a share pledge for 12,000,000 shares (0.66% of total share capital) with Industrial Bank International Trust Co., Ltd., and released a pledge for 23,000,000 shares (1.27% of total share capital) previously held by Yunnan International Trust Co., Ltd. Following these transactions, Mr. Li Zhen's pledged shares represent 11.62% of his total holdings and 0.66% of the company's total share capital. The total guarantee balance stands at 5,021,434.45 yuan, representing 167.96% of the company's 2024 audited net assets.