Zhejiang Dingli provides a 500 million guarantee for its subsidiary Shanghai Dingce.

date
24/12/2025
Zhejiang Dingli announced that on December 24, 2025, the company provided joint guarantee responsibility for a total of 5 billion yuan in bank credit lines to Ningbo Bank and China Merchants Bank for its wholly-owned subsidiary Shanghai Dingce Financial Leasing Co., Ltd., with no counter-guarantee. The company had previously expected to provide a daily guarantee limit of up to 2.26 billion yuan for its subsidiaries included in the consolidated financial statements. As of the date of the announcement, the total amount of external guarantees provided by the company and its subsidiaries was 2.58 billion yuan, accounting for 25.71% of the most recent audited net assets, with no overdue guarantees. Shanghai Dingce is operating well and the overall guarantee risk is controllable.