Sega Technology: Providing a joint liability guarantee of 50 million yuan for its subsidiary.
Sega Technology announced that the resolution to provide a guarantee of up to 870 million yuan to its holding subsidiaries was approved at the shareholder meeting on May 15, 2025. Recently, its wholly-owned subsidiary Bofa intends to apply for a comprehensive credit facility of 50 million yuan from China Merchants Bank. The company will provide joint and several guarantees of equal amount and sign an irrevocable guarantee agreement. As of the disclosure date of the announcement, the company and its holding subsidiaries have guaranteed agreements totaling 301 million yuan, accounting for 33.27% of the latest audited equity attributable to the parent company and 20.59% of total assets; the remaining guaranteed balance is 116 million yuan, accounting for 12.85% and 7.95% respectively, with no violations or overdue guarantees.
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