Lianchuang Electronic's guarantees for subsidiaries exceed 500% of net assets

Lianchuang Electronic Technology Co., Ltd. (Lianchuang Electronic) announced that as of October 2025, it has provided guarantees totaling 179,000,000 yuan for its consolidated subsidiaries. This includes 1,000,000 yuan for Hefei Lianchuang Optical Co., Ltd., 5,000,000 yuan for Hefei Zhixing Optoelectronic Co., Ltd., 7,500,000 yuan for Jiangxi Lianchuang Electronic Co., Ltd., and 4,400,000 yuan for Chongqing Liangjiang Lianchuang Electronic Co., Ltd.

The company highlighted that its total external guarantees, including those from its controlling subsidiaries, reached 1,118,000,000 yuan as of the announcement date, representing 512.59% of its audited net assets as of December 31, 2024. The cumulative balance of external guarantees stood at 7,964,696,500 yuan, accounting for 365.17% of its 2024 year-end audited net assets.

Notably, guarantees to Jiangxi Lianchuang Hongsheng Electronic Co., Ltd., a non-consolidated entity, amounted to 2,660,000 yuan, or 0.12% of the company's 2024 year-end audited net assets. Lianchuang Electronic stated it has no overdue external guarantees, no guarantees involved in litigation, or losses from adjudicated guarantee liabilities.