Jingjia Corporation provides joint liability guarantees for a comprehensive credit of 200 million yuan to a subsidiary.

date
24/09/2025
In 2025, at the eighth meeting of the seventh board of directors of Jingjia Co., Ltd., a resolution was passed to provide joint liability guarantee for the 2 billion yuan one-year comprehensive credit application made by its wholly-owned subsidiary Zhong Fengtian Optoelectronic Technology Co., Ltd. to the Shenzhen Branch of Huishang Bank. The term of the guarantee is one year. This matter falls within the authority of the board of directors for review and does not require approval from the shareholders' meeting. There is no counter-guarantee, and the company does not have any external overdue guarantees. Zhong Fengtian was established in 2001 and Jingjia Co., Ltd. holds a 100% stake in it. As of a certain time in 2025, the total assets of Zhong Fengtian were 1,048,625,400 yuan, with a net asset of 348,543,300 yuan. The guarantee agreement for this transaction is pending signature, and the board of directors believes that the risk is manageable. As of the announcement date, the company and its controlling subsidiaries have a guarantee limit of 2 billion yuan, accounting for 3.06% of the most recently audited net assets, with no actual occurrence.