Oriental Yuhong backs subsidiaries with 200m yuan guarantees as shareholder reduces stake

Beijing Oriental Yuhong Waterproof Technology has issued guarantees totaling 200 million yuan for its wholly-owned subsidiaries. These include 100 million yuan for Qingdao Oriental Yuhong Construction Materials Co., Ltd. with Qingdao Bank, 40 million yuan for Kunming Fengxing Waterproof Materials Co., Ltd. with China Minsheng Bank, 10 million yuan for Kunming Fengxing with Anning Chongzhou Village Bank, and 50 million yuan for Xuzhou Woniushan New Waterproof Materials Co., Ltd. with Jiangsu Bank. These guarantees aim to support the subsidiaries' operational efficiency and financing capabilities.

Separately, controlling shareholder and actual controller Mr. Li Weiguo, along with his concerted action party Mr. Li Xingguo, saw their combined shareholding in the company decrease from 22.0000% to 21.0000% between September 10 and September 18, 2025. This 1.0000% reduction, totaling 2.3887037 billion shares, was executed via block trades and centralized bidding to repay debts, aligning with previously disclosed plans.

Post-guarantee, the company's total guarantee balance, including that of its wholly-owned and controlled subsidiaries, will reach 6.1832689 billion yuan, representing 24.80% of the audited net assets as of December 31, 2024. The shareholding change does not impact the company's governance or continuous operations, nor does it trigger a tender offer.