Sunglow Packaging Technology: Provides a joint liability guarantee of 102 million yuan for its holding subsidiary Jiusu Technology

Shanghai Sunglow Packaging Technology Co., Ltd. announced that it will provide a joint liability guarantee of 102 million yuan for its holding subsidiary, Jiusu Technology Co., Ltd., with a guarantee period of three years after the main debt performance period expires. As of the announcement date, the actual guarantee balance for Jiusu Technology is 113.5324 million yuan. This guarantee falls within the 500 million yuan guarantee limit approved for the company in 2025 and does not require further review procedures. In the first quarter of 2025, Jiusu Technology had total assets of 453.6562 million yuan, revenue of 98.3563 million yuan, and net profit of 14.6816 million yuan; for the entire year of 2024, it had revenue of 365.3220 million yuan and net profit of 46.2934 million yuan. The cumulative external guarantee balance of the company accounts for 13.81% of the net assets in 2024, with no overdue guarantee situations