Xiamen Changelight secures guarantees for subsidiary bank credit

Xiamen Changelight Co., Ltd. has progressed with its 2025 financial year plans, signing two maximum guarantee contracts for its subsidiaries, Changelight Technology and Yangzhou Changelight Optoelectronics. The company will provide a maximum guarantee of 20,000 yuan for Changelight Technology's loans from Xiamen International Bank, and a maximum guarantee of 8,000 yuan for Yangzhou Changelight's loans from Bank of Communications Yangzhou Branch. These guarantees are part of the broader 250,000 yuan integrated financing credit line approved by shareholders in December 2024.

Changelight Technology, with a reported asset-to-liability ratio exceeding 70%, is identified as a special risk entity, though the company states that it is financially stable with good credit. As of November 24, 2025, the total outstanding guarantees provided by Xiamen Changelight to its subsidiaries will be 85,391.79 yuan, representing 20.74% of the company's audited net assets for 2024.

These guarantees are critical for Changelight Technology and Yangzhou Changelight's daily operations, supporting their business development and ensuring continued access to necessary financing. The company confirmed that there are no counter-guarantees or overdue external guarantees currently in place.