Lingyi iTech guarantees $144m loan for wholly-owned subsidiary

Lingyi iTech (Guangdong) Company has signed a syndicated loan guarantee contract to provide a joint and several liability guarantee for its wholly-owned subsidiary, Lingyi Technology (Shenzhen) Co., Ltd. The guarantee covers a maximum principal amount of $144,000,000 in loans, along with interest and other payable amounts. The guarantee period extends for three years from the effective date of the contract.

The guarantee falls within the RMB 3,500,000,000 total guarantee limit approved by the company's board of directors and shareholders for 2025. This specific guarantee represents a utilization of $144,000,000 within the RMB 1,500,000,000 guarantee limit for subsidiaries with an asset-liability ratio below 70%. As of the announcement date, Lingyi iTech's total actual guarantee balance is RMB 1,303,387.97, representing 65.80% of its net assets as of December 31, 2024.

The company's actual guarantee balance for subsidiaries within the consolidated statement scope is RMB 1,214,056.74. Lingyi Technology (Shenzhen) Co., Ltd. is not listed as a dishonest executor, indicating stable operations and manageable credit risk. There are no overdue external guarantees or guarantees involved in litigation that could lead to losses.