Lingyi iTech guarantees subsidiaries' $41.3m in loans for operational continuity

Lingyi iTech (Guangdong) Company, along with its wholly-owned subsidiary Lingyi Technology (Shenzhen) Co., Ltd., recently signed Guarantee Agreements with China Construction Bank, Shenzhen Buji Branch. These agreements provide joint and several liability guarantees for working capital loans taken by three wholly-owned subsidiaries: Dongguan Lingjie Precision Manufacturing Technology Co., Ltd., Dongguan Shengxiang Precision Metal Co., Ltd., and Lingsheng Electronic Technology (Shenzhen) Co., Ltd. Each subsidiary secured a principal loan amount of RMB 10,000萬元, totaling RMB 30,000萬元. The loan terms are 13 months, from November 25, 2025, to December 25, 2026, with the guarantee period lasting three years from the maturity date of the principal debt.

These guarantees fall within the RMB 3,500,000萬元 total guarantee limit approved by Lingyi iTech's board and shareholders for 2025. The guaranteed entities are not listed as dishonest judgment debtors, maintain stable operations, and good credit standing, indicating manageable risk for Lingyi iTech.

As of the disclosure date, Lingyi iTech's total outstanding guarantee balance is RMB 1,262,138.02萬元, representing 63.72% of its audited net assets attributable to the parent company as of December 31, 2024. This includes RMB 1,169,858.22萬元 for subsidiaries within the scope of consolidated statements, RMB 23,131.66萬元 for inter-subsidiary guarantees, and RMB 69,148.14萬元 for guarantees to the parent company by subsidiaries. There are no overdue external guarantees or guarantees involved in litigation that could result in losses.