Nations Technologies guarantees subsidiary loan, exceeding 100% of net assets

Nations Technologies Co., Ltd. announced further guarantees for its controlling subsidiary, Inner Mongolia Sinuo New Materials Technology Co., Ltd. (Inner Mongolia Sinuo), for a new credit line of up to 320 million yuan. This decision was approved at a board meeting on April 16, 2025, and the 2024 annual general meeting on May 7, 2025.

Recently, Nations Technologies and its wholly-owned subsidiary, Nations Technologies (Shenzhen) Co., Ltd., signed a maximum guarantee contract with Inner Mongolia Rural Commercial Bank Co., Ltd. Hohhot Xincheng District Sub-branch. This provides a joint and several liability guarantee for Inner Mongolia Sinuo's working capital loan of up to 20 million yuan, within the previously approved quota and valid until the 2025 annual general meeting.

Following this latest guarantee, Nations Technologies' total guarantee amount for its controlling subsidiaries and consolidated entities has reached 2,073.05 million yuan. The company's total external guarantee amount (excluding the latest guarantee) stands at 953.5381 million yuan, representing 96.38% of its net assets as of the end of 2024. The company currently has no overdue external guarantees, no guarantees involved in lawsuits, and no losses from adjudicated guarantee liabilities.