Visionox guarantees subsidiary loan as total commitments reach 319% of net assets

Visionox Technology Co., Ltd. has announced a new guarantee for its controlled grandchild company, Kunshan Govisionox Optoelectronics Co., Ltd., for a 100 million yuan loan from the Export-Import Bank of China, Jiangsu Branch. This 13-month loan will support Govisionox's production and operations, falling within the previously approved guarantee quota. The guarantee is a joint and several liability. Govisionox has good operating, financial, and credit conditions, not being listed as a dishonest executor.

Following this guarantee, Visionox's total outstanding guarantees for Govisionox now amount to 3.534 billion yuan. This commitment consumes 3.213 billion yuan of the 24.87 billion yuan available under the 2025 estimated guarantee quota for Govisionox. The company's board believes this guarantee, without counter-guarantee from other shareholders, is necessary to broaden the subsidiary's financing channels and ensure its sustained and stable development, given Visionox's absolute control over Govisionox.

As a result of this latest guarantee, Visionox and its controlled subsidiaries' total external guarantees reached 177,296.55 million yuan, representing 319.49% of the company's 2024 audited net assets. Guarantees provided to external entities, not consolidated subsidiaries, amount to 25,821.556 million yuan, or 46.53% of the 2024 audited net assets, while guarantees for subsidiaries total 151,474.994 million yuan. Visionox reported no overdue guarantees or those involved in litigation.