Shuanghuan Driveline boosts subsidiary financial backing with new, adjusted guarantees

Zhejiang Shuanghuan Driveline has provided further financing guarantees for its wholly-owned subsidiaries, aligning with resolutions from its 2025 Annual General Meeting. The company recently entered into a "Maximum Amount Guarantee Contract" with China Construction Bank Tongxiang Branch, providing a joint liability guarantee for Shuanghuan Driveline (Jiaxing) Precision Manufacturing Co., Ltd. The maximum principal amount guaranteed under this agreement is RMB 250,000,000.

Additionally, an existing "Guarantee Contract" with Bank of Communications Hangzhou Huazhe Plaza Sub-branch for Zhejiang Huanyi Technology Co., Ltd. was re-signed and adjusted. The maximum principal amount of the guarantee was increased from RMB 5,000,000 to RMB 10,000,000. These guarantees fall within the previously approved total guarantee limit of up to RMB 4,310,000,000 for subsidiaries, valid until the 2025 Annual General Meeting.

As of the disclosure date, the total guarantee balance for Shuanghuan Driveline and its controlled subsidiaries stands at RMB 1,619,759,400, representing 18.38% of the company's net assets as of December 31, 2024. All guarantees are inter-company within the consolidated scope, with no overdue or litigation-related guarantees reported.