Wangsu science & technology guarantees subsidiary's loan for business expansion

Wangsu Science & Technology Co., Ltd. has provided a guarantee for its controlled subsidiary, CDNetworks Europe, Co. Ltd., facilitating a standby letter of credit from CitiBank N. A. London for £230,000. This move, approved by the board on October 24, 2025, aims to support CDNetworks Europe's business development. The guarantee is effective for one year from the board's approval date, or until CDNW Europe terminates it.

The guarantee is a joint and several liability, covering the principal, interest, penalties, and related fees of the credit provided by CitiBank N. A. London. CDNetworks Europe, in which Wangsu holds a 99.99% indirect equity stake, reported total assets of £3,203,800 and net profit of £183,300 for the first three quarters of 2025.

As of the announcement date, the total external guarantee balance for Wangsu Science & Technology and its controlled subsidiaries, including this latest guarantee, stands at CNY 613,404,500. This represents 6.2014% of the company's net assets as of December 31, 2024. There are no overdue external guarantees, guarantees involved in litigation, or losses from adjudicated guarantee lawsuits.