Lingyi iTech expands guarantees for subsidiaries to support operations

Lingyi iTech (Guangdong) Company Limited has provided substantial guarantees for its wholly-owned subsidiaries, including Lingyi Technology (Shenzhen) Co., Ltd. and Ling Shing City (Hong Kong) Limited, as well as for the parent company itself. These guarantees, totaling RMB 111,200.00 of the approved RMB 3,500,000.00 guarantee limit for 2025, are designed to support normal production and operation.

The company recently entered into a "Maximum Guarantee Contract" with the Shenzhen Buji Branch of Bank of China, providing a joint and several liability guarantee for a maximum principal of RMB 42,000,000 for Lingyi Technology (Shenzhen). Furthermore, Lingyi Technology (Shenzhen) signed a "Maximum Guarantee Contract" with China Minsheng Bank Shenzhen Branch, guaranteeing a maximum principal of RMB 20,000,000 for Guangdong Lingyi iTech Company Limited.

Another "Maximum Guarantee Contract" was signed between the company and China Minsheng Bank, providing a maximum principal of RMB 30,000,000 guarantee for Ling Shing City (Hong Kong) Limited. Additionally, the company issued an "Irrevocable Letter of Guarantee" to China Merchants Bank Shenzhen Branch, covering a total principal amount of RMB 19,200,000 for Lingyi Technology (Shenzhen)'s acquisition loan. As of the disclosure date, the company's total outstanding guarantee balance is RMB 1,323,622.73, representing 66.82% of its audited net assets attributable to shareholders as of December 31, 2024. All guaranteed parties are reported to be in stable financial condition with manageable risk.