JOIN-SHARE Financing Guarantee: Guangdong Yuecai will transfer all its shares in Guangdong JOIN-SHARE Financing Guarantee to Guangdong Re Guarantee
JOIN-SHARE announced that Guangdong Yuecai will transfer all of its shares to Guangdong Re Guarantee, increasing its equity ratio from 2.5% to 10%. According to the shareholder change agreement, Guangdong Re Guarantee will obtain a sale option and guaranteed return if the assessment of the financing guarantee does not meet the standards or if profits are below 811,200 yuan. The financing guarantee business is expected to meet government requirements and reach "excellent" levels
According to the announcement from JOIN-SHARE Financing Guarantee (01543), on October 21, 2025, the company, Foshan High-tech, Guangdong Yuecai, Guangdong Re Guarantee, and Guangdong JOIN-SHARE Financing Guarantee entered into a shareholder change agreement. In accordance with the internal management requirements of Guangdong Yuecai, Guangdong Yuecai will transfer all of its shares in Guangdong JOIN-SHARE Financing Guarantee to Guangdong Re Guarantee as an increase in the capital of Guangdong Re Guarantee (share transfer). Upon completion of the share transfer, Guangdong Yuecai will no longer be a shareholder of Guangdong JOIN-SHARE Financing Guarantee, and the shares held by Guangdong Re Guarantee in Guangdong JOIN-SHARE Financing Guarantee will increase from 2.5% to 10%.
According to the shareholder change agreement, the rights granted to Guangdong Yuecai in the equity investment cooperation agreement will be transferred to Guangdong Re Guarantee along with the share transfer. Specifically, the company shall grant Guangdong Re Guarantee a sale option (sale option), whereby if the assessment results of Guangdong JOIN-SHARE Financing Guarantee fail to reach the "excellent" level as stipulated in the "Interim Measures for Performance Assessment and Evaluation of Government Financing Guarantee Institutions in Guangdong Province" issued by the Guangdong Provincial Department of Finance for five consecutive fiscal years, Guangdong Re Guarantee has the right to sell all its equity in Guangdong JOIN-SHARE Financing Guarantee to the company; and if the profits to be distributed to Guangdong Re Guarantee by Guangdong JOIN-SHARE Financing Guarantee in each fiscal year are less than RMB 811,200, a guaranteed return (guaranteed return) will be provided to Guangdong Re Guarantee, but it must comply with certain terms and conditions to be valid.
According to the shareholder change agreement, granting the sale option and providing the guaranteed return to Guangdong Re Guarantee are normal commercial terms. As the financing guarantee business is highly encouraged by government authorities, the company expects that the assessment results of Guangdong JOIN-SHARE Financing Guarantee can reach the "excellent" level stipulated in the "Interim Measures for Performance Assessment and Evaluation of Government Financing Guarantee Institutions in Guangdong Province" issued by the Guangdong Provincial Department of Finance within one or more fiscal years. In addition, it is expected that Guangdong JOIN-SHARE Financing Guarantee will be able to fully pay the guaranteed return to Guangdong Re Guarantee. Since the profits earned by Guangdong JOIN-SHARE Financing Guarantee exceeding RMB 811,200 will only be distributed by the company and Foshan High-tech according to the equity investment cooperation agreement, the guaranteed return and profit distribution arrangement will effectively allow the company to achieve the maximum investment return, which aligns with the overall interests of the company and its shareholders
