P&S Information guarantees RMB 6m for subsidiary Chipsource Semiconductor

Wuhan P&S Information Technology Co., Ltd. recently signed a guarantee contract with Wuhan Rural Commercial Bank Co., Ltd. This provides a joint liability guarantee for its wholly-owned subsidiary, Wuhan Chipsource Semiconductor Co., Ltd. (Chipsource Semiconductor), to support a comprehensive credit line application. The guarantee covers a principal debt amount of RMB 6,000,000.

The guarantee period extends for three years from the debt maturity date, with an overall scope including interest, penalties, damages, fees, and costs incurred in realizing the creditor's rights. This action falls under the RMB 2.255bn total guarantee quota approved by the company's board of directors and shareholders in March 2025 for its wholly-owned subsidiaries and sub-subsidiaries. This quota is valid for 12 months from shareholder approval and can be used on a revolving basis.

As of the announcement date, Wuhan P&S Information Technology’s total external guarantee balance stands at RMB 527,000,000. All of these are guarantees provided to wholly-owned subsidiaries or sub-subsidiaries. This amount represents 14.12% of the company's latest audited net assets. The company reported no overdue guarantees, guarantees involved in lawsuits, or guarantees that resulted in losses due to adverse judgments.