Ninestar backs subsidiary with RMB135m guarantee for loan facility

Ninestar Corporation announced on October 9, 2025, that it has executed a maximum guarantee contract with Agricultural Bank of China, Zhuhai Nanwan Branch, for its wholly-owned subsidiary, Zhuhai Ninestar Information Technology Co., Ltd. This guarantee covers a maximum debt principal of RMB135 million.

The guarantee period extends from September 26, 2025, to September 25, 2028, and encompasses various business types, including RMB/foreign currency loans, letter of credit issuance, and commercial bills. This guarantee is a joint and several liability, covering the principal, interest, penalties, and other associated costs of the debt.

This latest guarantee falls within the RMB2.5 billion guarantee limit approved by Ninestar’s shareholders on December 19, 2024, for its wholly-owned subsidiaries for the 2025 fiscal year.

Following this transaction, Ninestar and its holding subsidiaries’ total external guarantee amount stands at RMB6.454 billion. The total outstanding balance of external guarantees provided by Ninestar and its holding subsidiaries is RMB1.492 billion, representing 14.87% of the company's most recently audited net assets. As of the disclosure date, there are no overdue external guarantees or guarantees involving litigation.