Honghe Technology: Providing joint liability guarantee for the 50 million credit line to its subsidiary.
In 2025, Honghe Technology Co., Ltd. is expected to provide a guarantee limit of not more than 1.7 billion yuan for its subsidiary. Recently, its wholly-owned subsidiary Anhui Hongcheng Optoelectronics applied for credit from the Shenzhen Branch of China Merchants Bank, and Honghe Technology signed an "Irrevocable Guarantee Agreement" with the bank to provide Hongcheng Optoelectronics with a 50 million yuan joint and several liability guarantee, which does not require further approval from the board of directors and shareholders' meeting within the approved limit by the shareholders' meeting. Hongcheng Optoelectronics has a good business, financial, and credit status, with total assets of 584 million yuan as of June 30, 2025. As of the disclosure date of the announcement, the company's total external guarantee balance is 430 million yuan, accounting for 12.23% of the net assets audited for the year 2024, with no overdue or bad guarantee situations.
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