Lingyi iTech secures guarantees for 2025 subsidiary operations

Lingyi iTech (Guangdong) Company, or "Lingyi iTech," recently advanced its 2025 guarantee initiatives by signing two key agreements. The company entered into a "Maximum Guarantee Contract" with China Construction Bank Corporation Suzhou Xiangcheng Branch, providing a joint and several liability guarantee for its wholly-owned subsidiary, Suzhou Linghui New Energy Technology Co., Ltd. This guarantee covers a maximum principal balance of 50 million yuan under the credit line agreement. The guarantee period for each debt extends three years from its due date.

Separately, Lingyi iTech's wholly-owned subsidiary, Lingyi Technology (Shenzhen) Co., Ltd., and its controlled subsidiary, Zhejiang Jintai Electronics Co., Ltd., signed a "Maximum Pledge Contract for Asset Pool Business" with China CITIC Bank Corporation Shenzhen Branch. This agreement provides a maximum guarantee of 500 million yuan for debts arising from financing activities between November 11, 2025, and February 28, 2027. Both guarantee events fall within the 3.5 billion yuan total guarantee limit approved by shareholders.

As of the announcement date, Lingyi iTech's total actual guarantee balance reached 1.302 billion yuan, representing 65.75% of the company's net assets attributable to the parent company as of December 31, 2024. Guarantees for subsidiaries within the consolidated statement totaled 1.207 billion yuan. The company and its subsidiaries have no overdue external guarantees or guarantees involved in litigation.