Asia-Pacific Light Alloy guarantees subsidiary's €3.64m loan

Jiangsu Asia-Pacific Light Alloy Technology Co., Ltd. announced a new guarantee for its wholly-owned grandchild company, Alunited Denmark A/S. The company will provide a guarantee of €3.64 million to the Wuxi Branch of China Merchants Bank for a non-revocable financing guarantee with China Merchants Bank (Europe) Co., Ltd. as the beneficiary. This guarantee is intended to optimize Alunited Denmark's financial structure and meet its loan replacement needs. The transaction falls within the previously approved guarantee limits established by the company's board and shareholders.

Prior to this transaction, the company's outstanding external guarantee balance was RMB 570.00 million. Following this new guarantee, the total outstanding guarantee balance will increase to RMB 599.8669 million, representing 10.89% of the company's net assets as of September 30, 2025. Alunited Denmark A/S, established on November 1, 2009, is engaged in the development and manufacturing of automotive components and systems. Its asset-liability ratio as of September 30, 2025, was 67.60%, with total assets of RMB 18,010.41 million.

The company states that there are no overdue guarantees.