Xin Pengwei: intends to provide a guarantee amount of up to 350 million yuan for its subsidiary.

date
13/03/2026
Xin Peng Micro announced that, in order to meet the operational and development needs, the company and its subsidiaries are expected to apply for a comprehensive credit line of no more than 2 billion yuan from financial institutions in 2026. The company plans to provide a guarantee of no more than 350 million yuan for financing within the above-mentioned limit for its wholly-owned subsidiaries Suzhou Bochuang, Wuxi Anqu, and Shenzhen Xin Peng, with 200 million yuan for Suzhou Bochuang, 100 million yuan for Wuxi Anqu, and 50 million yuan for Shenzhen Xin Peng. The proposal has been approved by the board of directors and does not require approval from the shareholders' meeting. As of the announcement date, the total amount of guarantees provided by the company and its subsidiaries to external parties is 111 million yuan, with no overdue guarantees.