Kingkey Smart Agriculture boosts financing, reinforces guarantees with RMB2.48 bn credit

Shenzhen Kingkey Smart Agriculture Times Co., Ltd. announced on December 5, 2025, that its board approved engaging in finance lease operations and providing guarantees, alongside increasing guarantee limits for its subsidiaries. The company plans to undertake finance lease activities, primarily via sale-and-leaseback, with non-affiliated finance lease companies or banks, totaling up to RMB500 million over a one-year period with individual lease terms not exceeding five years. The company will provide guarantees for these finance lease transactions.

Additionally, the board approved providing its wholly-owned and controlling subsidiaries with a total guarantee limit of RMB2.48 billion for comprehensive credit lines from financial institutions. Subsidiaries with a debt-to-asset ratio above 70% will receive up to RMB1.59 billion, and those below 70% will receive up to RMB890 million. These matters require shareholder approval.

As of December 5, 2025, the company's total external guarantee limit stands at RMB10.884 billion, with RMB2.384 billion allocated to its subsidiaries. The outstanding guarantee balance is RMB1.883 billion, representing 43.88% of its latest audited net assets. The company further announced that its vice president and board secretary, Mr. Lan Di, has resigned due to personal reasons, with chairman and president Mr. Chen Jiarong temporarily assuming the role.