Huaxi Group: Signs a 450 million yuan mutual guarantee contract with the controlling shareholder

Huaxi Group announced that the company has renewed the "Maximum Amount Guarantee Contract" with China Bank Jiangyin Branch to provide a guarantee amount of 450 million yuan for the controlling shareholder Huaxi Group, with a term from December 5, 2025 to December 5, 2026. The legal representative of Huaxi Group is Wu Xie'en, with Jiangyin Lianhua and Huaxi Xinshicun Village Committee holding 80% and 20% of the shares, respectively, and the actual controller being Jiangyin Municipal State-owned Assets Administration. As of September 30, 2025, the total assets of Huaxi Group amounted to 19.23 billion yuan, with total liabilities of 18.697 billion yuan. As of the announcement date, the company has guaranteed a total of 849 million yuan for the controlling shareholder and related parties, accounting for 16.38% of the latest audited net assets, with no overdue guarantees.