Genimous Technology to provide guarantees, use FX hedging for subsidiary

Genimous Technology will provide an irrevocable joint and several liability guarantee of up to 5 million yuan for its wholly-owned subsidiary, Guangzhou Genimous Zhimai Technology. This relates to 2026 data promotion and cooperation agreements. Additionally, Genimous Technology will offer an irrevocable joint and several liability guarantee of up to 10 million yuan for Genimous Zhimai's factoring agreement, which also involves accounts receivable pledge collateral of up to 10 million yuan. These guarantees are valid for three years.

The board of directors approved these guarantees, noting that Genimous Zhimai is a wholly-owned subsidiary within the company's consolidated scope, ensuring control over financial risk. As of October 31, 2025, Genimous Technology's total external guarantee amount, all for its controlled subsidiaries, was 865 million yuan, representing 20.79% of its 2024 audited net assets.

In a separate move, the company also announced its plan to engage in foreign exchange derivative transactions, including forward foreign exchange, foreign exchange options, and swaps. The maximum transaction margin is set at 45 million yuan, with a single-day contract value not exceeding 450 million yuan. This initiative aims to hedge against exchange rate and interest rate fluctuations, enhancing financial stability without impacting core business operations.