Shenzhen OCT reallocates 341.2m yuan in guarantees to boost subsidiary growth

Shenzhen Overseas Chinese Town Co., Ltd. (OCT) announced the reallocation of 341.2 million yuan in unused guarantee limits among its controlled and participating companies. This move follows a resolution passed at the 2024 annual general meeting on April 25, 2025, which approved a total guarantee limit of up to 53.264 billion yuan for 2025-2026, allowing for internal adjustments by management.

Specifically, 300 million yuan from wholly-owned subsidiary Shenzhen Overseas Chinese Town Huateng Investment Co., Ltd. was reallocated: 114.2 million yuan to controlled subsidiary Shenzhen Overseas Chinese Town Urban Renewal Investment Co., Ltd., and 185.8 million yuan to Shenzhen Xieyue Real Estate Development Co., Ltd. Additionally, 41.2 million yuan from participating company Shenzhen Zhaohua Exhibition & Convention Center Co., Ltd. was reallocated to Shenzhen Xieyue. As a result, the guarantee for Shenzhen Xieyue increased from 785.4 million yuan to 1.0124 billion yuan, representing 0.43% of OCT’s latest audited net assets.

Shenzhen Xieyue, a controlled subsidiary with OCT holding 51% equity, reported total assets of 5.009 billion yuan and net assets of 1.464 billion yuan as of November 2025. This reallocation, which falls within the scope of the shareholder general meeting's authorization, supports Shenzhen Xieyue's normal business operations. As of November 2025, OCT's total outstanding guarantees, including those from its controlled subsidiaries, stood at 28.302 billion yuan, accounting for 53.21% of its latest audited net assets, with no overdue or litigation-related guarantees.