Mason Technologies secures 100 million yuan credit line and guarantee

Shenzhen Mason Technologies Co., Ltd. and its wholly-owned subsidiary, Guangdong Mason Optoelectronic Co., Ltd., recently finalized a comprehensive credit agreement and a maximum guarantee contract with the Shenzhen Branch of Bank of Beijing. Shenzhen Mason Technologies secured a 100 million yuan comprehensive credit line for a one-year term.

Concurrently, Guangdong Mason Optoelectronic Co., Ltd. will provide a joint and several liability guarantee for the parent company's credit line, with the maximum principal amount guaranteed not exceeding 100 million yuan at any given time. This guarantee covers the principal, interest, penalties, damages, and other related expenses, with a total maximum claim amount of 200 million yuan. The guarantee period extends three years from the maturity date of the primary debt.

As of the announcement date, the company's total valid external guarantees, including those from its controlled subsidiaries, amount to 3.12 billion yuan. The outstanding balance of external guarantees totals 1.625 billion yuan, representing 105.69% of the company's net assets as per its audited 2024 financial statements. No overdue guarantees or litigation-related guarantees were reported.