Montnets guarantees 80m yuan credit line for subsidiary

Montnets Rongxin Technology Group Co., Ltd. announced that its wholly-owned subsidiary, Shenzhen Montnets Technology Development Co., Ltd. (Shenzhen Montnets), has secured a comprehensive credit facility of up to 80,000,000 yuan from Bank of China Shenzhen High-tech Zone Branch, with a one-year term. Montnets and its subsidiary, Shenzhen IoT World Technology Co., Ltd., are acting as guarantors for this facility under a maximum guarantee contract. This guarantee falls within the previously approved annual guarantee limit.

The guarantee was approved at the company's eighth board of directors’ thirty-eighth meeting and the 2025 first extraordinary general meeting. The total estimated guarantee amount for the company and its subsidiaries is not to exceed 250,000,000 yuan, with a limit of 5,000,000 yuan for entities with an asset-liability ratio above 70%.

As of the announcement date, the total guarantee amount provided by the company for its subsidiaries is approximately 1,840,600,000 yuan, representing 107.58% of the company's latest audited net assets. The total external guarantee amount for Montnets and its wholly-owned and controlling subsidiaries stands at 1,956,180,000 yuan, or 114.34% of the latest audited net assets. The company and its subsidiaries have no overdue external guarantees, no external guarantees involved in litigation, and no losses from adverse judgments on guarantees.