New Journey Health Tech guarantees loans for two hospital subsidiaries

New Journey Health Technology Group, at its board and annual shareholders' meetings in April and May 2025, approved providing joint liability guarantees for its subsidiaries. This approval covers credit facilities from financial institutions totaling RMB 1.814 bn over the next 12 months.

The company signed a "Maximum Irrevocable Guarantee" with China Merchants Bank Dalian Branch, guaranteeing a credit facility for Wafangdian Third Hospital Co., Ltd., up to a maximum of RMB 30 m. Additionally, a "Maximum Guarantee Contract" was signed with China Minsheng Bank Zhengzhou Branch, providing a joint liability guarantee for Lankao First Hospital Co., Ltd., for a maximum of RMB 50 m. Both guarantees have a term of three years.

The board of directors confirmed that Wafangdian Third Hospital and Lankao First Hospital are wholly-owned subsidiaries with sound operations and their financial situations are well understood. The total actual guarantee balance for subsidiaries as of June 30, 2025, stands at RMB 702.46 m, representing 35.39% of the company's latest audited net assets. There are no overdue guarantees.