Unilumin Group updates equity plan, expands business, addresses guarantees

Unilumin Group has initiated its Phase II Career Partner Equity Holding Plan, establishing a securities account with Huatai Securities Co., Ltd. for purchasing company shares. The company has also expanded its business scope to include advertising services and creative content production, reflecting strategic adjustments approved by the board.

In its latest financial updates, Unilumin Group reported on its guarantee responsibilities, fulfilling obligations for Jiangxi Jinxin Technology Co., Ltd. and Shandong Wanjia Runtai Electronic Technology Co., Ltd. for RMB 90.33 million and RMB 18.88 million, respectively, due to overdue financing. The company plans to pursue recovery from these entities.

Furthermore, Unilumin Group is providing guarantees for its wholly-owned subsidiaries, including Shenzhen Ledman Optoelectronic Co., Ltd., Shenzhen Blueview Technology Co., Ltd., and Hangzhou Bonneng Optoelectronic Co., Ltd., with total guarantees for subsidiaries amounting to RMB 217,500.00 million. The company's total outstanding external guarantees, including those for non-consolidated entities, are RMB 24,993.89 million.