Gosuncn boosts subsidiaries with 354.2m yuan in bank guarantees

Gosuncn Technology Group's board of directors, at its 34th meeting on December 19, 2025, approved resolutions to secure bank credit and provide guarantees for its subsidiaries. The company secured a 200,000,000 yuan credit facility from Industrial Bank Guangzhou Branch and an 80,000,000 yuan facility from China Guangfa Bank for its own operations, each valid for one year.

Gosuncn Technology Group will provide a joint liability guarantee of up to 30,000,000 yuan for its controlled subsidiary, Shenzhen Gosuncn Ruilian Technology, for a credit facility from Bank of China Shenzhen Nantou Sub-branch. Shenzhen Gosuncn Ruilian International Trade, a wholly-owned subsidiary of Gosuncn Ruilian, will also provide a joint liability guarantee for the same credit. Additionally, Gosuncn Technology Group will offer guarantees for its wholly-owned subsidiary, Gosuncn IoT Technology, including a joint liability guarantee of up to 10,000,000 yuan for a credit facility from Shanghai Pudong Development Bank Shenzhen Branch and a joint liability guarantee of up to 13,200,000 yuan for a credit facility from China Zheshang Bank Shenzhen Branch.

As of the announcement date, Gosuncn Technology Group and its controlled subsidiaries have approved a cumulative guarantee amount of 354,200,000 yuan, representing 13.41% of the company's latest audited net assets attributable to the parent company. The actual outstanding guarantee amount totals 70,816,606.21 yuan. All resolutions were passed unanimously by the board.