Hengxin Technology Ltd. (abbrev. HXTL) announced that its indirect wholly owned subsidiary, Xin Ke Xin (Suzhou) Technology Co., Ltd., has entered into a maximum-amount guarantee agreement with the Tianjin Jizhou branch of Agricultural Bank of China on 18 June 2026 (post-market hours).
Key Terms of the Guarantee • Guarantor: Xin Ke Xin (indirect wholly owned subsidiary of HXTL) • Beneficiary: Agricultural Bank of China, Tianjin Jizhou Branch • Maximum guarantee: Up to RMB120.00 million, covering principal, interest, penalties and enforcement costs • Secured obligation: Borrower’s liabilities under a working-capital loan agreement and any future facilities capped at RMB100.00 million • Guarantee period: Three years from the maturity date of the underlying loan
Underlying Loan Facility • Borrower: Tianjin Jizhixin Technology Co., Ltd. (independent third party; 5% state-owned participation) • Principal amount (first tranche): RMB50.00 million • Potential additional drawdown: Up to a further RMB50.00 million under the same guarantee • Interest: Loan Prime Rate • Tenor: From signing date (expected 22 June 2026) to 1 June 2027
Strategic Rationale Xin Ke Xin and its wholly owned subsidiary Nanjing Zhangyu currently face tight credit access. Leveraging the Borrower’s stronger credit profile—enhanced by its partial state ownership—enables the Group to tap external funding without incurring guarantee fees. Proceeds are intended to support ongoing operations and growth in HXTL’s integrated-circuits & digital technology division and its new-energy & services segment. Management will monitor loan proceeds and designate repayment accounts to mitigate guarantee risk.
Regulatory Implications The guaranteed amount represents a percentage ratio exceeding 5% but below 25% under Hong Kong Listing Rule Chapter 14, classifying the transaction as “discloseable.” Accordingly, HXTL is required to publish this announcement; no shareholder approval is mandated.
Corporate Profile HXTL, incorporated in Singapore and listed on the Hong Kong Stock Exchange, operates three principal businesses: 1. Chips research, design, semiconductor IP licensing, digital security products, and AI-enabled services. 2. Renewable energy generation and related technical services, with an emphasis on solar power and green-electricity solutions. 3. Telecommunications products, including RF coaxial cables and mobile communication systems.
Directors confirm that the guarantee terms are on normal commercial conditions, fair and reasonable, and in the interests of the company and its shareholders.
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