Lingyi iTech completes project, allocates funds, and guarantees subsidiary loan

Lingyi iTech (Guangdong) Company has completed its "Intelligent Manufacturing Process Upgrade Project for Precision Components," a fundraising investment project. The project utilized RMB 167,540,546.77 of the adjusted RMB 168,240,000.00 raised. The remaining RMB 792,324.34 from this project, including interest income, will be permanently transferred to replenish the company's working capital to enhance capital utilization efficiency. The dedicated fundraising account will be closed upon fund transfer.

In a related financial development, Lingyi iTech provided a guarantee to China CITIC Bank Corporation Limited Yangzhou Branch for its wholly-owned subsidiary, Yangzhou Linghuang Technology Co., Ltd. This guarantee covers a maximum principal amount of RMB 100 million for various debt obligations, underscoring the company's support for its subsidiary's operational activities. As of December 31, 2024, the company's total actual guarantee balance stood at RMB 13,727,924.44, representing 69.31% of its net assets attributable to the parent company.