Shennan Circuits guarantees subsidiary's $200m bank loan for expansion

Shennan Circuits Co., Ltd. announced a new guarantee for its wholly-owned subsidiary to secure a loan of up to $200 million from the Export-Import Bank of China Shenzhen Branch. This guarantee is a joint and several liability, valid for two years from the maturity date of the primary contract, covering loan principal, interest, penalties, and other associated costs. The loan's term extends from November 21, 2025, to November 21, 2028.

This new guarantee follows an August 26, 2025, resolution from the company's board of directors, which approved providing guarantees of up to $200 million for the subsidiary's credit facilities. Before this latest transaction, Shennan Circuits had an outstanding guarantee balance of $630 million for the subsidiary. With the addition of this $200 million guarantee, the total guarantee amount for the subsidiary now stands at $830 million, exhausting the previously approved guarantee quota.

Following this guarantee, Shennan Circuits' total actual guarantee amount for its controlling subsidiaries reaches $4.59 billion, representing 31.40% of its audited net assets for 2024. The outstanding guarantee balance for controlling subsidiaries is $1.927 billion, which is 13.18% of its 2024 net assets. The company confirmed no guarantees for entities outside its consolidated financial statements, no overdue guarantees, or guarantees involved in litigation that could result in losses.