Wangsu guarantees subsidiary loan to expand business operations

Wangsu Science & Technology Co., Ltd. announced on September 29, 2025, that it has executed a guarantee contract for its wholly-owned subsidiary, Shanghai Yunsun Technology Co., Ltd. This guarantee supports Shanghai Yunsun's application for a RMB10m loan from Shanghai Bank Co., Ltd. Caohejing Branch, providing an irrevocable joint and several liability guarantee. The guarantee period extends for three years from the maturity date of Shanghai Yunsun's debt obligations.

The decision follows approval by Wangsu's Sixth Board of Directors at its twenty-seventh meeting on August 14, 2025. Shanghai Yunsun, established on April 17, 2013, is 100% owned by Wangsu and specializes in technology services, information system integration, and various other business operations.

As of June 30, 2025, Shanghai Yunsun's total assets amounted to RMB472.771m, with liabilities totaling RMB108.0086m. For the first half of 2025, Shanghai Yunsun reported operating revenue of RMB53.4284m and a net profit attributable to the parent company of RMB7.1272m. The total external guarantee amount, including this transaction, represents 0.1024% of Wangsu's net assets as of June 30, 2025.