GGEC: Provides nearly 100 million in guarantees for its subsidiary

GGEC: GGEC announced that it recently signed external guarantee contracts with banks to provide guarantees for its wholly-owned subsidiary, Guoguang Electronics. Among them, it provided a credit guarantee of 66 million yuan to the Guangzhou branch of Zhejiang Merchants Bank and a guarantee of 39 million yuan to the Huadu branch of Guangzhou Rural Commercial Bank, both of which are joint liability guarantees with a guarantee period of three years. Guoguang Electronics is mainly engaged in the polymer lithium-ion battery business, and GGEC holds 100% of its shares. As of June 30, 2025, its revenue was 306 million yuan, and its net profit was 12.4779 million yuan. As of the announcement date, the company and its holding subsidiaries had a guarantee limit of 2.82 billion yuan, with a signed balance of 1.256 billion yuan, accounting for 29.36% of the most recent audited net assets, with no overdue guarantees