Lingyi iTech plans significant financial initiatives for 2026

Lingyi iTech's board of directors approved plans for 2026, including providing guarantees up to RMB 40 bn for its subsidiaries' financing needs, with half allocated to subsidiaries with asset-liability ratios exceeding 70%. The company will apply for a comprehensive bank credit facility of up to RMB 40 bn and will engage in foreign exchange derivative transactions up to RMB 14 bn to manage currency risks. Additionally, Lingyi iTech will allocate up to RMB 4 bn of idle funds for wealth management, aiming to enhance capital efficiency.

These proposals will be put before the company's sixth extraordinary general meeting on December 22, 2025. As of the disclosure date, the company's total actual guarantee balance stands at RMB 13.45 bn, representing 67.91% of its latest audited net assets. Lingyi iTech confirms no overdue external guarantees, litigation-related guarantees, or instances of being held liable for losses from guarantees.

The financial maneuvers are designed to ensure the normal production and operation of the company and its controlled subsidiaries, support business development, and improve operational efficiency. The board and audit committee have reviewed these plans, deeming them conducive to the company’s sustained growth and compliant with relevant regulations.