Ninestar to use idle funds for cash management, expand subsidiary guarantees

Ninestar Corp. has approved using up to 130 million yuan of idle raised funds for cash management, investing in low-risk products with maturities not exceeding 12 months. This initiative aims to enhance capital efficiency without impacting ongoing project development. As of September 30, 2025, the company's remaining idle raised funds across its banking partners total 6,767.52 million yuan, with an additional 10,000.00 million yuan pending return from previous cash management.

Concurrently, Ninestar is providing credit guarantees totaling 320 million yuan for its wholly-owned microelectronics subsidiary, Geehy Semiconductor, to support its four sub-subsidiaries. Furthermore, Ninestar has projected total guarantees of up to 420,000 million yuan for its wholly-owned subsidiaries in 2026 to ensure their operational and business expansion needs are met.

These financial measures, approved by the board of directors on December 1, 2025, will be presented for shareholder approval at an extraordinary general meeting on December 17, 2025. The company's total external guarantee amount, including these new provisions, will reach 105.36 billion yuan.