Great Star Industrial reschedules meeting, backs subsidiary with $6m guarantee

Hang Zhou Great Star Industrial announced the postponement of its first extraordinary general meeting of shareholders for 2025 from September 30, 2025, to October 9, 2025. This decision was made to allow for additional meeting preparation and coordination, as approved by the board on September 24, 2025. The original record date of September 23, 2025, along with the meeting location, method, registration, and agenda items, remain unchanged.

Concurrently, the company will provide a guarantee for its wholly-owned subsidiary, Prime-Line Products, LLC (PLP), to secure a trade finance credit line of $6 million from Citibank N. A. The guarantee's duration will not exceed 12 months from the issuance of each standby letter of credit or financing guarantee. PLP's asset-liability ratio exceeded 70% in its most recent audited fiscal year.

The board of directors approved the guarantee and the meeting postponement on September 23, 2025. The guarantee for PLP will be submitted for shareholder approval at the rescheduled extraordinary general meeting.