China Merchants Shekou: Intends to provide joint liability guarantee for a loan of 800 million yuan to its subsidiary.

China Merchants Shekou announced that in order to meet the operational development needs of the project, its wholly-owned subsidiary Hangzhou Ruisheng applied to the Hangzhou branch of China Merchants Bank for an 800 million yuan, 15-year fixed asset loan. The company plans to provide joint and several liability guarantees for the loan, with a maximum guaranteed principal of 800 million yuan, for a guarantee period of three years. The company had previously been approved for a guarantee amount of 31.6 billion yuan, and this guarantee falls within the approved amount and does not require further approval. Hangzhou Ruisheng had a revenue of 48.1089 million yuan and a net profit of 3.9439 million yuan from January to October 2025. As of the announcement date, the company and its holding subsidiaries had a total external guarantee amount of 34.148 billion yuan, with no cases of overdue guarantee.