Guoguang Electronics: provide a $20 million guarantee for its subsidiary Guoguang Vietnam.

date
21/11/2025
Guoguang Electric announced that on November 20, 2025, the company signed a "Letter of Guarantee" to provide a joint and several guarantee of USD 20 million for its wholly-owned subsidiary Guoguang Vietnam to apply for credit from the Vietnam Investment and Development Bank - Guangnan Branch. The guarantee period is five years from the date of signing or until the guarantee obligations are fully repaid. As of September 30, 2025, Guoguang Vietnam's asset-liability ratio was 86.84%, with revenue of 1.178 billion yuan and a net profit of -6.4288 million yuan from January to September 2025. As of the date of the announcement, the company and its controlling subsidiaries had a total guarantee amount of 2.82 billion yuan, with an outstanding guarantee contract balance of 1.847 billion yuan, accounting for 43.18% of the latest audited net assets, with no overdue guarantees.