Hangzhou Joyware provides a guarantee of up to 10 million yuan for its holding subsidiary

Recently, Zhongwei Electronics Co., Ltd. in Hangzhou signed a "Maximum Guarantee Contract" with the Huixian Branch of Zhengzhou Bank, providing a joint liability guarantee for its holding subsidiary, Henan Xindian Information Technology Co., Ltd., for a loan not exceeding 10 million yuan, which falls within the reviewed limit and does not require further review. Xindian Information was established in 2002 with a registered capital of 10.05 million yuan, and Zhongwei Electronics holds 64.8806% of the shares. As of June 30, 2025, its total assets amounted to 33.303 million yuan, with liabilities of 41.2786 million yuan. The guarantee period is three years from the expiration of the main debt performance period. After this guarantee, the company and its holding subsidiary have a guarantee limit of 30 million yuan, with a remaining balance of 15 million yuan, accounting for 2.47% of the most recent audited net assets, with no overdue or litigated guarantees