Suntak Technology adjusts guarantee quotas among wholly owned subsidiaries

Suntak Technology has reallocated guarantee quotas approved by its 2024 annual general meeting, totaling 542,000 yuan, among its subsidiaries. The adjustment sees Jiangmen Suntak Circuit Technology Co., Ltd. (Jiangmen Suntak) having its guarantee quota reduced by 10,000 yuan to 120,000 yuan. Concurrently, Zhuhai Suntak Circuit Technology Co., Ltd. (Zhuhai Suntak) will receive an increase of 10,000 yuan, raising its quota to 185,000 yuan.

The revised quota for Jiangmen Suntak represents 16.73% of the parent company's net assets, while Zhuhai Suntak's adjusted quota accounts for 25.79%. Both subsidiaries are wholly owned by Suntak Technology. Jiangmen Suntak’s asset-liability ratio stood at 41.96% as of June 30, 2025, while Zhuhai Suntak’s was 68.19%. The reallocation ensures that entities with an asset-liability ratio above 70% can only receive guarantees from other entities exceeding this threshold.

As of the announcement date, Suntak Technology's total approved effective guarantee quota, including subsidiaries, stands at 605,610 yuan, representing 84.44% of the parent company's latest audited net assets. The actual utilized guarantee amount for subsidiaries' credit facilities is 126,609.04 yuan, equivalent to 17.65% of the parent company's net assets. There are no overdue guarantees or guarantee-related litigations.