China West Construction guarantees subsidiary's bank loans

China West Construction Group Co., Ltd. (CWCG) has provided a maximum irrevocable guarantee of 200m yuan for its subsidiary, Tanglian Digital Technology Co., Ltd., with China Merchants Bank Chengdu Branch. This guarantee is part of a broader resolution passed at the company's 2024 annual general meeting, which approved a total banking credit guarantee limit of up to 1.5bn yuan for its consolidated subsidiaries, valid until the 2025 annual general meeting.

As of December 3, 2025, CWCG had 11 outstanding guarantees totaling 670m yuan for its consolidated subsidiaries, representing 7.07% of the company's net assets attributable to the parent company as per its 2024 audited consolidated financial statements. Tanglian Technology, a wholly-owned subsidiary of CWCG, reported total assets of 152.51m yuan and total liabilities of 108.48m yuan as of September 30, 2025.

For the first nine months of 2025, Tanglian Technology generated operating revenue of 59.17m yuan, with a net loss of 1.57m yuan. CWCG confirmed that Tanglian Technology is not listed as a dishonest executor. The guarantee, covering principal debt, interest, penalties, and related fees, is valid for one year beyond the maturity date of the primary contract.