Jingce Electronics secures RMB90m in credit guarantees for subsidiaries

Wuhan Jingce Electronic Group announced further details regarding its guarantees for subsidiary bank credit applications, following approvals from its board and shareholders in April and May 2025. The total guarantee amount for its subsidiaries' comprehensive credit lines for 2025 is capped at RMB3.78 billion.

The company has entered into a maximum amount irrevocable guarantee for Wuhan Jingli Electronic Technology Co. with China Merchants Bank's Wuhan Branch for RMB80 million, effective from November 3, 2025, to November 2, 2027. Additionally, a guarantee contract has been signed for Wuhan Jingneng Electronic Technology Co. with Bank of Communications Co.'s Wuhan Hongshan Sub-branch for RMB10 million, effective from November 28, 2025, to November 26, 2026. These guarantees cover various credit types including working capital loans, bank acceptance bills, and letters of guarantee.

As of the announcement date, Wuhan Jingce Electronic Group's total external guarantees, including those for subsidiaries within its consolidated financial statements, amount to RMB98,209,550. This represents 28.35% of the company's net assets as of December 31, 2024. The company confirmed no overdue external guarantee matters or guarantees involved in litigation.