Sunlord Electronics' guarantees for subsidiaries exceed 100% of net assets

Shenzhen Sunlord Electronics (002138) announced a total external guarantee amount of 1.385 billion yuan as of the announcement date, representing 221.15% of the company's most recent audited consolidated net assets. Guarantees provided to subsidiaries within the consolidated scope amount to 896.07 million yuan, which is 143.08% of Sunlord Electronics’ latest audited consolidated net assets.

The company previously approved guarantees for its controlling subsidiaries: Dongguan Hualuo Electronics Co., Ltd., Shenzhen Sunlord Automotive Electronics Co., Ltd., Dongguan Sunlord Electronics Co., Ltd., and Dongguan Xinbai Structural Ceramics Co., Ltd., totaling 1 billion yuan, 1 billion yuan, 4.5 billion yuan, and 500 million yuan respectively. A recent transaction involves a guarantee to Dongguan Hualuo Electronics Co., Ltd. for a maximum principal balance of 30 million yuan with Ping An Bank.

Furthermore, the company confirmed the termination of guarantees previously provided to Sunlord Automotive, Xinbai Ceramics, and Dongguan Sunlord with Beijing Bank, following the expiration of relevant credit facilities. As of the announcement date, the company has no overdue guarantees, guarantees involved in litigation, or guarantees requiring payment due to adverse judgments.