China West Construction guarantees $4bn in bank credit for subsidiary

China West Construction Group Co., Ltd. (the "Company") announced it is providing a guarantee of 4,000 million yuan for its wholly-owned subsidiary, China West Construction Ninth Company Limited ("Ninth Company"), for bank credit facilities. This guarantee falls within the previously approved total bank comprehensive credit guarantee limit of 1,500 million yuan for its consolidated subsidiaries, as authorized by the 2024 annual general meeting. The guarantee, signed with China Minsheng Bank Co., Ltd. Xianyang Branch, ensures the Ninth Company's ongoing production and operations.

As of September 21, 2025, the Company had ten outstanding guarantee matters within the 1,500 million yuan limit, including previous guarantees to other subsidiaries ranging from 2,000 million yuan to 10,000 million yuan for various bank credit businesses. The total outstanding external guarantees for the Company and its consolidated subsidiaries, as of the announcement date, amounted to 65,000 million yuan, representing 6.86% of the Company's net assets attributable to the parent company as per its 2024 audited consolidated financial statements.

The Ninth Company, established on February 10, 2011, with a registered capital of 40,000 million yuan, engages in activities such as the production and sale of commercial concrete and lightweight building materials. Its most recent financial data as of June 30, 2025, shows total assets of 220,084.83 million yuan and net assets of 91,425.34 million yuan. For the first half of 2025, it reported a revenue of 20,655.59 million yuan and a net loss of 1,359.63 million yuan.