Yotrio Group provides guarantees for Hong Kong subsidiary's credit lines

Yotrio Group has announced the latest progress in providing guarantees for its wholly-owned subsidiary, Yongqiang (Hong Kong) Co., Ltd. The company recently signed a "Maximum Guarantee Contract" with the Linhai Sub-branch of China Construction Bank Co., Ltd., providing a maximum guarantee of 210 million yuan for Yongqiang (Hong Kong) Co., Ltd.'s credit business.

Additionally, Yotrio Group executed another "Maximum Guarantee Contract" with the Linhai Sub-branch of Industrial Bank Co., Ltd., guaranteeing a maximum of 150 million yuan for Yongqiang (Hong Kong) Co., Ltd.'s credit facilities. These guarantees fall within the scope of the 400 million yuan and $150 million credit lines approved at the company's 2024 Annual General Meeting.

As of the announcement date, the company's approved total guarantee amount is $165 million and 400 million yuan. The actual external guarantees provided are exclusively for its wholly-owned subsidiaries, with an outstanding guarantee balance of $39 million, representing 6.78% of the company's net assets as per the 2024 audited financial statements. There are no overdue guarantees, guarantees involved in litigation, or losses from adjudicated guarantees.