Kinwong Electronics Reports Actual Guarantees Provided to Subsidiaries Reach RMB 79.30 Billion

Deep News03-10

As of the disclosure date of this announcement, Shenzhen Kinwong Electronic Co., Ltd. and its subsidiaries have provided actual guarantees totaling RMB 7.930 billion (including the current guarantee) for all subsidiaries. This amount represents 70.09% of the company’s most recently audited net assets. Additionally, the company and all its subsidiaries have obtained approved but unused guarantee quotas of RMB 1.060 billion, accounting for 9.37% of the company’s latest audited net assets. All guarantees mentioned above are provided by the company and its subsidiaries to other subsidiaries, with no overdue or non-compliant guarantees reported.

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