Hopson Development Holdings announced the guarantee provided by a subsidiary for a financing of 15.61 million.

date
19/09/2025
Shanghai Hope Architectural Design Firm Limited Announcement on the Progress of Guarantee by Its Wholly-owned Subsidiary. At a meeting in 2025, it was approved that the company and its subsidiaries can provide a guarantee limit of up to 1 billion yuan for its subordinate subsidiaries. Recently, the subsidiary Deyang Puli and Suzhou Jinzu initiated a direct leasing financing business of 15.61 million yuan with a term of 84 months. The company provided irrevocable joint and several liability guarantee, and the subsidiary Deyang Hope pledged the 100% equity of Deyang Puli that it holds as collateral. As of the announcement date, the company and its subsidiaries have approved guarantee limits of 1 billion yuan, with an actual guarantee balance of 93.51 million yuan, accounting for 21.68% of the net assets in the audited consolidated financial statements for 2024, with no overdue or other bad guarantee situations.