Mason Technologies secures ¥100m credit line, subsidiary provides guarantee

Shenzhen Mason Technologies recently announced it has obtained a ¥100 million comprehensive credit line from Guangfa Bank Shenzhen Branch. The credit facility is valid from the effective date of the contract until October 14, 2026. This move aligns with the company's previously approved overall comprehensive credit limit of up to ¥3 billion for the company and its subsidiaries.

Concurrently, Guangdong Hengrun Optoelectronics, a wholly-owned subsidiary of Shenzhen Mason Technologies, signed a maximum guarantee contract with Guangfa Bank Shenzhen Branch. Guangdong Hengrun Optoelectronics will provide a joint and several liability guarantee for the ¥100 million credit line.

As of the announcement date, the total outstanding guarantee balance for the company and its controlling subsidiaries stands at ¥1.525 billion, representing 99.19% of the company's net assets as per the 2024 audited figures. The company reported a net profit of ¥6,755,678.18 for 2024. The guarantees are within the scope approved by the company's board of directors and shareholders' meeting, and there are no overdue guarantees or guarantees involved in litigation.