Guoguang Electric expands financial guarantees for subsidiary

Guoguang Electric Co., Ltd. recently finalized two external guarantee agreements with banks for its wholly-owned subsidiary, Guangdong Guoguang Electronics Co., Ltd. These guarantees, approved by the board on April 27, 2025, and shareholders on May 19, 2025, are part of a total RMB282,000 million guarantee limit.

The first agreement, a maximum guarantee contract, was signed with Zheshang Bank Co., Ltd. Guangzhou Branch on October 20, 2025. It guarantees up to RMB6,600 million for various credit facilities, valid for three years from the main contract's maturity date. The second, also a maximum guarantee contract, was signed with Guangzhou Rural Commercial Bank Co., Ltd. Huadu Branch on October 20, 2025, guaranteeing up to RMB3,900 million, also for three years.

As of the disclosure date, the total outstanding external guarantee signed by Guoguang Electric and its holding subsidiaries amounts to RMB125,576 million, representing 29.36% of the company's latest audited net assets. The company and its subsidiaries are not involved in any overdue debt, litigation-related guarantees, or guarantees for which a court judgment has resulted in a liability.