Huading Group: Provide 110 million yuan financing guarantee for its subsidiary Jiangxi Jiuhao.

date
25/12/2025
Huading Corporation announced that, in order to meet the operational development needs of its wholly-owned subsidiary Jiangxi Jiehao, the company has signed a "Maximum Amount Guarantee Contract" with Zhejiang Commercial Bank Yiwu Branch, providing a guarantee of 110 million yuan through joint liability guarantee from December 18, 2025 to December 18, 2027. This guarantee is within the annual authorized amount and does not require further approval. As of the announcement date, the company's actual guarantee balance for its controlling subsidiary is 225 million yuan, accounting for 5.93% of the audited net assets for the year 2024, with no overdue guarantees. In 2024, Jiangxi Jiehao had operating income of 86.1136 million yuan, a net loss of 26.8157 million yuan, and from January to September 2025, it had operating income of 166 million yuan and a net profit of 217,500 yuan.