Binjiang Real Estate guarantees associate's 290m yuan loan

Hangzhou Binjiang Real Estate Group will provide a proportionate guarantee for its associate, Hangzhou Xingtang Real Estate, on a 290 million yuan loan from Industrial Bank. This guarantee covers 49% of Xingtang Real Estate's outstanding debt, with a maximum principal of 142.10 million yuan, for a three-year term. The board of directors approved this resolution on November 24, 2025.

As of the announcement date, Binjiang Real Estate's total external guarantees, including those for subsidiaries and associates, amount to 7,246.97 million yuan. This represents 26.33% of the company's latest audited net assets. Guarantees for associates outside the consolidated statement total 335.83 million yuan, or 1.22% of the latest audited net assets.

The financing aims to enhance project financing efficiency and ensure smooth operations for Xingtang Real Estate, which was established on March 17, 2020. Binjiang Real Estate holds a 49% equity stake in Xingtang Real Estate.