Sunlord Electronics guarantees 150m yuan for subsidiary, details existing commitments

Shenzhen Sunlord Electronics Co., Ltd. has progressed with its guarantee for its controlling subsidiary, Shenzhen Sunlord Automotive Electronics Co., Ltd., signing a Maximum Guarantee Contract with China Minsheng Bank Corporation Limited, Shenzhen Branch. This guarantee, approved by the board on February 26, 2025, and by shareholders on March 20, 2025, covers a maximum principal amount of 150,000,000 yuan.

The guarantee secures Sunlord Automotive's 1,000,000,000 yuan bank credit line and covers the principal, interest, penalties, and related fees, with a joint and several liability for three years from the maturity date of the debt. The current guarantee adds 15,000,000 yuan to the previous total, bringing the post-guarantee balance to 836,000,000 yuan.

As of the announcement date, the Company's cumulative external guarantee amount totals 13,850,000,000 yuan, representing 221.15% of its most recent audited net assets (consolidated statements). Guarantees for consolidated subsidiaries amount to 8,900,695,200 yuan, or 142.12% of net assets. The company reports no overdue guarantees or guarantees involving litigation.