Septwolves provides guarantees for its subsidiaries, with multiple business developments

Zhitong
2025.10.10 09:35

Fujian Septwolves Industrial Co., Ltd. announced the progress of guarantees for its subsidiaries. The 2024 annual general meeting approved a financing guarantee proposal for a maximum of RMB 1.615 billion for 22 consolidated subsidiaries. In September 2025, Jinjiang Septwolves Chuncheng Clothing Sales Co., Ltd. provided a pledge guarantee of RMB 15 million in deposit certificates for Hangzhou Shangying Clothing Co., Ltd. to apply for a bank acceptance bill from CITIC Bank; the company provided a maximum guarantee of RMB 15 million for Xiamen Jiayi Clothing Co., Ltd. to apply for credit from Industrial Bank, valid until September 11, 2027. As of September 30, 2025, the cumulative amount of guarantees provided by the company and its holding subsidiaries this year was RMB 605 million, accounting for 9.21% of the audited consolidated net assets for 2024; the actual guarantee balance was RMB 492 million, accounting for 7.48%, with no overdue external guarantees

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