On October 13, Digital China Group Co.,Ltd. (000034.SZ) released an announcement on the progress of guarantees for its subsidiaries. Under the framework of an annual guarantee quota of RMB 68 billion approved by the shareholders' meeting, the company added three joint liability guarantee commitments for its subsidiaries, totaling RMB 407 million, to support the subsidiaries' bank credit facilities. The guarantee periods are all three years.
The breakdown is as follows: Digital China Group Co.,Ltd. provided a guarantee of RMB 10 million for its wholly-owned subsidiary Shenzhou Yunke Zhiyun; provided a guarantee of RMB 347 million for its controlled subsidiary Hefei Digital China; and the group, together with Beijing Digital China, jointly provided a guarantee of RMB 50 million for Hefei Digital China.
Both guaranteed parties are entities with an asset-liability ratio above 70%. Shenzhou Yunke Zhiyun's asset-liability ratios at the end of 2025 and mid-2026 were 97.31% and 92.67%, respectively, while Hefei Digital China's ratios during the same periods were 89.94% and 78.41%.
The newly added guarantees all fall within the RMB 66 billion guarantee quota pool for heavily indebted subsidiaries and do not require another review by the shareholders' meeting. Currently, the total external guarantees of the group and its controlled subsidiaries amount to RMB 68.845 billion, with actual guarantee utilization of RMB 34.306 billion, accounting for 311.69% of the latest audited net assets.
Among these, actual utilization for subsidiaries with an asset-liability ratio above 70% is RMB 34.020 billion, while actual utilization for those below 70% is RMB 286 million. At present, there are no overdue external guarantees, no guarantee-related litigation, and no guarantees provided to entities outside the consolidated financial statements.
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