Oriental Yuhong backs five subsidiaries with over 400m yuan in guarantees

Beijing Oriental Yuhong Waterproof Technology Co., Ltd. (Oriental Yuhong) announced several guarantee agreements for its subsidiaries. The company provided a maximum principal guarantee of 40 million yuan to Shanghai Oriental Yuhong Waterproof Technology Co., Ltd. with Bank of China Shanghai Baoshan Branch. Separately, Oriental Yuhong provided a maximum equivalent principal guarantee of 50 million yuan to Hongshi (Jiangsu) New Materials Technology Co., Ltd. with Shanghai Pudong Development Bank Yangzhou Branch.

Furthermore, Oriental Yuhong guaranteed a maximum principal of 30 million yuan for Suzhou Oriental Yuhong Building Materials Co., Ltd. with Jiangsu Bank Suzhou Branch. Guarantees were also extended to Jinan Oriental Yuhong Building Materials Co., Ltd. for 37.5 million yuan with China Construction Bank Jinan Qiibu District Branch, and to Yangpu Oriental Yuhong Building Materials Co., Ltd. for a maximum principal of 350 million yuan with Hainan Bank Danzhou Branch.

As of the announcement date, Oriental Yuhong's total external guarantees, including those for its wholly-owned and holding subsidiaries, amount to 615.39537 million yuan, representing 24.68% of its audited net assets as of December 31, 2024. Considering the newly added guarantee amounts, the total rises to 666.14537 million yuan, or 26.72% of its net assets. All guaranteed companies currently maintain good credit standing.