Lingyi iTech subsidiaries secure 100m yuan in patent-backed credit guarantees

Lingyi iTech (Guangdong) Company's wholly-owned subsidiaries, Dongguan Lingjie Metal Precision Manufacturing Technology Co. and Dongguan Lingyi Precision Manufacturing Technology Co., recently entered "Maximum Amount Patent Pledge Contracts" with China Construction Bank Corporation, Dongguan City Branch. These agreements provide a combined 100,000,000 yuan in patent pledge guarantees for various credit facilities, including loans and bank acceptance. Each subsidiary secured 5,000,000 yuan in utilized guarantee amounts.

The guarantees fall within the 4,000,000,000 yuan total guarantee limit approved by Lingyi iTech’s board and shareholders for the 2026 fiscal year. The pledged assets are patent rights held by the subsidiaries, with an assessed value of 5,000,000 yuan. This move enhances the subsidiaries' financial flexibility without requiring further board or shareholder approval, as it aligns with the previously established guarantee framework.

As of the announcement date, Lingyi iTech's total actual guarantee balance stands at 1,395,551,800 yuan, representing 70.46% of the company's net assets attributable to the parent company from the latest audited period (December 31, 2024). There are no overdue external guarantees, litigation-related guarantees, or losses incurred due to guarantee judgments.