Lingyi iTech guarantees subsidiary loan for operational continuity

Lingyi iTech (Guangdong) Company (002600) announced a new guarantee agreement with the Bank of China, Guilin Branch. This guarantee supports its wholly-owned subsidiary, Guilin Lingyi Manufacturing Co., Ltd., for a working capital loan with a maximum principal amount of 20,000,000 yuan and a loan term of 12 months. This action falls within the 3,500,000,000 yuan total guarantee limit approved by the company's board of directors and shareholders in December 2024.

The guarantee is a joint and several liability, with the guarantee period lasting three years from the maturity date of the main debt, or three years from the effective date of the guarantee contract until the last installment's repayment date if the main debt is repaid in installments. Guilin Lingyi Manufacturing Co., Ltd. is noted to have stable operations and good credit standing, with the company maintaining effective management and oversight of its credit and performance.

As of the announcement date, Lingyi iTech's total actual guarantee balance stands at 1,292,071,090 yuan, representing 65.23% of the net assets attributable to the parent company as of December 31, 2024. The company and its controlled subsidiaries have no overdue external guarantees, no external guarantees involved in litigation, and no losses from adjudicated guarantee failures.