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Dahua Technology advances subsidiary guarantee program with China Construction Bank

November 11, 2025 at 11:50 AM UTCBy FilingReader AI

Zhejiang Dahua Technology Co., Ltd. has entered into a maximum principal guarantee contract with China Construction Bank Corporation Hangzhou Hi-tech Zone Sub-branch. This agreement stipulates that the company will provide joint and several liability guarantees for Zhejiang Dahua System Engineering Co., Ltd., a subsidiary, covering all debts under its financing business contracts with China Construction Bank. The maximum principal amount guaranteed is RMB30,000,000, along with associated interest and other related expenses.

This guarantee falls within the previously approved total guarantee limit of RMB13,477,000,000 for subsidiaries, authorized by the company's eighth board of directors eleventh meeting on March 28, 2025, and subsequently approved by the 2024 annual general meeting. The guarantee period for individual credit facilities extends three years beyond the maturity date of the debt under the main contract.

As of November 11, 2025, the total actual external guarantees provided by the company and its subsidiaries amount to RMB9,015,725,000, representing 25.02% of the company's net assets as of the end of 2024. All guarantees are for subsidiaries, with no external guarantees provided to non-consolidated entities. The company and its subsidiaries have no overdue external guarantees, guarantees involved in lawsuits, or losses incurred due to guarantee-related judgments.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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