Beijing Kunlun Tech details 2026 subsidiary guarantee limits

Beijing Kunlun Tech, through its board meeting on December 8, 2025, approved several key financial measures for 2026. The company plans to provide guarantees totaling up to RMB 300m for credit lines to Beijing Skywork AI Technology and Kunlun Skywork AI Technology, with each receiving up to RMB 150m. These guarantees are valid for 12 months from January 1, 2026, and can be mutually adjusted within the total limit.

Additionally, Beijing Kunlun Tech will apply for an integrated credit line of up to RMB 100m from China Everbright Bank Beijing Branch, with a one-year term, for which controlling shareholder Zhou Yahui will provide a connected guarantee without charging a fee. The company also seeks an integrated credit line of up to RMB 100m from Huaxia Bank Beijing Branch, which will not require collateral.

Separately, the company's wholly-owned subsidiary, Beijing Happy Ark Game Technology, will apply for an integrated credit line of up to $30m (or equivalent RMB) from HSBC Bank (China), with Beijing Kunlun Tech providing a joint and several liability guarantee. Beijing Skywork AI Technology will also use a credit line of up to RMB 50m from China Minsheng Bank Beijing Branch, with Beijing Kunlun Tech providing a joint and several liability guarantee. These measures aim to support operational and business development needs.