ST Yi Gou: provide 706 million yuan financing guarantee for its subsidiary Guangdong Suning Yi Gou.

date
12/11/2025
ST YiGou announced that the company will provide a guarantee of up to 706 million yuan for its subsidiary, Guangdong Suning YiGou, for financing from the Panyu Branch of Guangzhou Rural Commercial Bank, accounting for 5.68% of the audited net assets attributable to the parent company in 2024. The proposal has been approved by the board of directors and does not require approval from the shareholders' meeting. As of the end of 2024, Guangdong Suning YiGou had total assets of 2.72 billion yuan, net assets of 696 million yuan, revenue of 3.455 billion yuan in 2024, and a net profit of 42 million yuan; revenue in January-September 2025 was 1.933 billion yuan, with a net profit of 90 million yuan. As of now, the company's actual guarantee balance for its subsidiaries is 1.968 billion yuan, the subsidiaries have used a guarantee balance of 1.970 billion yuan for other subsidiaries, and the subsidiaries have used a guarantee balance of 15.825 billion yuan for the company.