Senci Electric Machinery provides a progress announcement on a guarantee of 200 million yuan for its wholly-owned subsidiary

On July 23rd, Senci Electric Machinery announced that the company signed a "Maximum Guarantee Contract" with the Beibei Branch of Chongqing Rural Commercial Bank, providing a maximum joint liability guarantee of 200 million yuan for its wholly-owned subsidiary Chongqing Senci Import and Export Trade Co., Ltd. for debts incurred between July 22, 2025, and July 21, 2026, without counter-guarantee. As of the announcement date, the company's actual guarantee balance for Senci Import and Export is 281.6 million yuan. The total amount of external guarantees provided by the company is 1.4306 billion yuan, accounting for 74.91% of the most recent audited net assets, with no overdue guarantees. This guarantee has undergone the review procedures of the board of directors and the 2024 annual shareholders' meeting, within the previously estimated guarantee limit of 731.6 million yuan. Senci Import and Export is a wholly-owned subsidiary of the company, operating in good condition, and the guarantee is necessary for business development