Jolywood secures 1.4 bn yuan financing for eleven subsidiaries

Jolywood (Suzhou) Sunwatt Co., Ltd. announced a guarantee totaling 1.4 billion yuan for eleven of its controlled subsidiaries, including Rongcheng Jolywood, Dongfang Jolywood, and Changli Jolywood, among others. These subsidiaries entered into finance lease agreements with Industrial Bank Financial Leasing Co., Ltd. on November 20, 2025, for a lease term of 108 months. The financing, structured as a sale-and-leaseback of household photovoltaic power generation equipment, is further secured by the pledging of electricity tariff collection rights to Industrial Bank Financial Leasing Co., Ltd.

The company's previous approvals on April 24 and May 16, 2025, allow for a total guarantee limit of up to 8 billion yuan for its subsidiaries. The current guarantee falls within this approved limit, with 6.23 billion yuan allocated for subsidiaries with a debt-to-asset ratio equal to or greater than 70%, and 1.77 billion yuan for those below 70%. Following this transaction, the remaining available guarantee limit for subsidiaries with a debt-to-asset ratio equal to or greater than 70% is 4.48 billion yuan, and for those below 70% is 335.48 million yuan.

As of the disclosure date, the company's total outstanding guarantee balance, including its controlled subsidiaries, amounts to 9.34 billion yuan, representing 277.04% of its most recently audited net assets. The company reported no overdue guarantees, guarantees involving litigation, or liabilities arising from adverse judgments.