Microgate Technology guarantees subsidiary's 200m yuan credit line

Shenzhen Microgate Technology Co. announced progress on its guarantee for wholly-owned subsidiary Xingyuan Electronics Technology (Shenzhen) Co. for a comprehensive credit line. The company previously approved a total guarantee amount not exceeding 1 billion yuan for Xingyuan Electronics' applications. These resolutions were passed at its sixth board of directors' twenty-second meeting on March 27, 2025, and the 2024 annual general meeting on April 18, 2025.

Recently, the company signed a "Maximum Guarantee Contract" with China Construction Bank Shenzhen Baoan Branch. This agreement provides a joint and several liability guarantee for a 200m yuan comprehensive credit line applied for by Xingyuan Electronics. This action falls within the scope of previously approved guarantee matters and does not require re-submission to the board of directors. The guarantee period for each debt is three years from the maturity date of the debt's performance.

Following this guarantee, the cumulative external guarantee amount for the company and its holding subsidiaries stands at 1.1 billion yuan. The current cumulative external guarantee balance is 842m yuan, representing 18.82% of the company's most recently audited net assets. The company and its holding subsidiaries have no overdue guarantees.