Victory Precision faces new investor lawsuits, debt guarantee

Suzhou Victory Precision Manufacture has disclosed the acceptance of new investor litigation by two courts in Jiangsu province, seeking compensation for investment losses, commissions, and stamp duty totaling RMB 313,302.04. This follows an administrative penalty issued by the China Securities Regulatory Commission in September 2022 due to information disclosure violations. Previously, the company had resolved disputes with 79 plaintiffs, agreeing to compensation of RMB 9,161,767.88.

In related news, the company’s wholly-owned subsidiary, Anhui Victory Precision Manufacture Technology, has signed a maximum guarantee contract for credit facilities up to RMB 111,677,300 with China Construction Bank. This guarantee is within the previously approved annual guarantee limit of RMB 2.715 bn, which represents 109.84% of the company’s net assets as of the end of 2024.

As of the end of September 2025, the company's total external guarantees, including its subsidiaries, amounted to RMB 936m, or 37.87% of its 2024 audited net assets. The company reports normal operations and stable business development.