Aoshikang Technology expands guarantees for subsidiaries, secures RMB 8.1bn credit

Aoshikang Technology Co., Ltd. has announced further progress in providing guarantees for its subsidiaries. Following resolutions from its fourth board meeting and the 2024 annual general meeting, the company approved a total guarantee limit of up to RMB 8.1 billion for its wholly-owned and controlled subsidiaries within the consolidated financial statement scope. This limit is valid for 12 months from the date of approval.

The company recently entered into a "Maximum Guarantee Contract" with Industrial and Commercial Bank of China, Zhaoqing Dinghu Branch, to provide a joint and several liability guarantee for Guangdong Xizhen Circuit Technology Co., Ltd.'s RMB 80 million loan. Additionally, a similar contract was signed with China CITIC Bank, Changsha Branch, for a THB 150 million loan for Sender Technology Co., Ltd. These guarantees fall within the previously approved limits.

Post-transaction, Aoshikang Technology's total external guarantees, including those for its holding subsidiaries, amount to RMB 3.421 billion, representing 78.13% of the company's most recent audited net assets. The actual drawn and outstanding amount under these guarantee contracts is RMB 1.066 billion, or 24.34% of the company's most recent audited net assets. There are no overdue guarantees or guarantees involving litigation.