Shanghai YCT guarantees 9 million for its subsidiary, with an expected limit of 3 billion in 2025

Shanghai YCT Group Co., Ltd. announced that it is expected to provide a guarantee limit of 3 billion yuan for its controlling subsidiary in 2025, including 2.5 billion for bank credit business and 500 million for business performance. Recently, the company signed a "Guarantee Contract" with Xiamen International Bank Shanghai Branch, undertaking joint guarantee responsibility for the 9 million yuan credit debt of its wholly-owned subsidiary Shanghai Tanmu, which is within the limit reviewed by the shareholders' meeting. Shanghai Tanmu's asset-liability ratio is below 70% for the year 2024. After the guarantee, the company has a guarantee balance of 162 million yuan for bank credit business with a liability ratio below 70%, and an available limit of 338 million yuan. As of the announcement date, the company and its subsidiaries have a guarantee balance of 598 million yuan for bank credit business, accounting for 48.13% of the most recent audited net assets attributable to the parent company, with no overdue or abnormal guarantee situations