Intco Medical guarantees subsidiary loan from China Exim Bank

Intco Medical Technology (Intco Medical) has provided a joint liability guarantee of 10 million yuan for its subsidiary, Anhui Intco Medical Products Co., Ltd., which secured a credit line from the Anhui Branch of the Export-Import Bank of China. This guarantee is part of a broader resolution passed by Intco Medical's board, supervisory board, and general meeting, which authorized total credit facility and financial derivative transaction risk limits of up to 36 billion yuan and corresponding guarantees of up to 36 billion yuan.

Following this latest guarantee, the total guaranteed balance for Anhui Intco Medical Products Co., Ltd. remains at 4.59 billion yuan, with a remaining available guarantee limit of 2.91 billion yuan. The guarantee period for the 10 million yuan loan extends for three years from the maturity of the main contract's debt performance period.

As of the disclosure date, Intco Medical's total outstanding guarantee amount for itself and its subsidiaries, including this transaction, is 12.69 billion yuan. This represents 72.92% of the company's net assets as per the latest audited financial statements. The board believes this guarantee supports the subsidiary's operational needs and aligns with the company's overall interests, posing controllable financial risks.