Leo Group guarantees $100m for related party Wenling Lianying

Leo Group Co., Ltd. announced a guarantee for its related party, Wenling Lianying Construction Engineering Co., Ltd., a wholly-owned subsidiary of its associate, Shanghai Chuangxing Resources Development Co., Ltd. This guarantee covers debts owed to Industrial Bank Co., Ltd. Taizhou Wenling Branch and Taizhou Jinkong Leasing Co., Ltd. or its subsidiaries. The maximum principal amount for this guarantee is $300 million.

Recently, Leo Group signed a "Maximum Guarantee Contract" with Industrial Bank Wenling Branch, providing a joint and several liability guarantee for Wenling Lianying's debts. This specific guarantee, effective from September 28, 2025, to September 27, 2026, has a maximum principal amount of $100 million. The company has also secured "Counter-Guarantee Agreements" with Chuangxing Resources, Wenling Lianying, and Wang Xiangrong, the controlling shareholder and actual controller.

As of the disclosure date, Leo Group's total outstanding guarantees for its wholly-owned and controlled subsidiaries amount to $259,663.53 million, representing 20.15% of its unaudited net assets from the 2024 consolidated financial statements.