Hongxin Electron-Tech boosts subsidiary financing with new guarantees

Xiamen Hongxin Electron-Tech Group recently advanced its financial support for its wholly-owned subsidiary, Beijing Anliantong Technology Co., Ltd., by signing new guarantee contracts. This action follows approval granted during the company’s first extraordinary general meeting in 2025 on March 12, concerning the provision of guarantees for its subsidiaries in 2025.

The company entered into a guarantee agreement with Aerospace Industrial Finance Leasing Co., Ltd. and a maximum guarantee contract with the Beijing Branch of Bank of Ningbo Co., Ltd. to facilitate Anliantong’s financing lease projects and secure credit lines. These agreements involve a joint and several liability guarantee, with guaranteed amounts of 11,899.21 million yuan and 5,000.00 million yuan respectively.

As of the disclosure date, the company’s total outstanding external guarantees amount to 4,637.0846 million yuan, representing 402.73% of its audited net assets for the year 2024. The company confirmed that there are no overdue or litigious external guarantee matters.