Yinlun Machinery updates on subsidiary guarantees exceeding 400m yuan

Zhejiang Yinlun Machinery Co., Ltd. announced new developments in its guarantee arrangements for subsidiaries, bringing the total effective guarantee amount to 410,400,000 yuan. These guarantees represent 58.03% of the company's 2024 audited net assets and 22.35% of its total assets. The guarantees are aligned with approvals from the board of directors and shareholders' meetings held in April and May 2025, which authorized a total guarantee limit of 605,443,000 yuan for 19 holding and sub-holding companies.

Recent guarantee agreements include a renewal with Shanghai Pudong Development Bank for Hubei Yinlun Machinery Co., Ltd., covering a maximum of 21,000,000 yuan until September 24, 2026. Additionally, the company signed a maximum guarantee contract for Shandong Yinlun Heat Exchange System Co., Ltd. with China Minsheng Bank for 27,500,000 yuan, and another for 100,000,000 yuan with Ping An Bank, both extending to late September 2026.

Furthermore, Zhejiang Yinlun Smart Equipment Co., Ltd. secured a maximum guarantee of 3,000,000 yuan from Shanghai Pudong Development Bank, valid until September 27, 2026. As of the announcement date, the company reported no overdue guarantees, no guarantees involved in litigation, and no losses from adjudicated guarantee cases.