Zhejiang Jiemei guarantees subsidiary loan, exceeding 50% net assets

Zhejiang Jiemei Electronic & Technology Co., Ltd. (Jiemei Technology) announced a RMB 54 million maximum guarantee for its wholly-owned subsidiary, Zhejiang Jiemei Electronic Information Material Co., Ltd., with the Bank of China Anji County Branch. This joint liability guarantee, executed on December 17, 2025, supports the subsidiary's operational needs.

The latest guarantee falls within the RMB 3.5 billion financing approval from the company's Fourth Board of Directors' Twenty-second Meeting and the 2024 Annual General Meeting, which authorized inter-company guarantees for various subsidiaries. As of the announcement date, Jiemei Technology's total actual granted guarantee amount for its subsidiaries, including this latest one, stands at RMB 2.777 billion, representing 94.29% of its most recent audited net assets.

The total actual guarantee balance, including this guarantee, is RMB 1.49276 billion, accounting for 50.68% of its latest audited net assets. The company highlighted that its and its wholly-owned subsidiaries' total guarantee balance (all between entities within the company's consolidated statement scope) exceeds 50% of its most recent audited net assets, a material risk investors should note. There are no overdue guarantees, litigation-related guarantees, or losses incurred from unfavorable court judgments.