Dynanonic subsidiary secures 100 million yuan lease financing with parent guarantee

Shenzhen Dynanonic Co., Ltd. disclosed that its controlling subsidiary, Qujing Defang Yiwei Co., Ltd., secured a financial leasing facility with a principal amount of 100,000,000 yuan from China Construction Bank Financial Leasing Co., Ltd. Shenzhen Dynanonic has provided a full joint and several liability guarantee for this lease.

This action falls within the scope of external guarantee limits approved by the company's board and shareholders. As of the disclosure date, Dynanonic's total outstanding guarantees for itself and its controlling subsidiaries amount to 4,530,293,900 yuan, representing 81.70% of its net assets from the latest audited period.

Defang Yiwei is a key subsidiary, with Dynanonic holding 60% equity. The other shareholder did not provide a proportional guarantee, as Defang Yiwei is managed by Dynanonic, and the subsidiary provided counter-guarantees, mitigating risk.

Defang Yiwei's total assets as of December 31, 2024, were 4,058,927,500 yuan, with total liabilities of 3,148,369,600 yuan and net assets of 910,557,900 yuan. For the period of January to December 2024, its operating revenue reached 3,407,030,300 yuan, with a net loss of 156,191,500 yuan. The company confirms no overdue guarantees, litigation, or judgments requiring assumed liabilities.