Shuanglin Auto Parts renews guarantee for Hubei Shuanglin Bearing

Ningbo Shuanglin Auto Parts Co., Ltd. announced the renewal of a maximum guarantee contract with China Construction Bank Xiangyang Automobile Industrial Development Zone Sub-branch for its wholly-owned subsidiary, Hubei Shuanglin Bearing Co., Ltd. This renewal ensures continued access to credit facilities, providing a maximum guarantee amount of 200m yuan for the period from December 23, 2025, to December 23, 2026. The guarantee covers the subsidiary's credit lines, extending for three years from the signing date of each principal contract.

This latest guarantee falls within the previously approved total guarantee limit of 921.5m yuan for the company's subsidiaries, as authorized by the board of directors and shareholders in April and May 2025. Following this renewal, the company's total cumulative guarantee amount for Hubei Shuanglin Bearing Co., Ltd. is 600m yuan, with a remaining available guarantee quota of 50m yuan. As of the announcement date, the company's total outstanding guarantee amount, including this transaction, is 775.4938m yuan, representing 29.35% of its net assets as per the 2024 audited financial statements.

Hubei Shuanglin Bearing Co., Ltd. recorded total assets of 1,786,317,064.98 yuan and net assets of 770,865,789.57 yuan as of September 30, 2025. The subsidiary reported operating revenue of 976,353,219.05 yuan and a net profit of 117,482,784.72 yuan for the first nine months of 2025.