The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Reminder: The estimated guarantee limit of 3.65 billion RMB is subject to approval by the company's shareholders' meeting before it becomes effective. As of the date of this announcement, the actual guarantee balance used by the company is 2.56 billion RMB, accounting for 59.06% of the most recent audited net assets. Once approved, the total guarantee amount will not exceed 3.65 billion RMB, representing 84.20% of the company's latest audited net assets. Investors are advised to pay attention to guarantee risks.
Basic Information
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Shenzhen Luoniushan Co., Ltd. (hereinafter referred to as "the Company" or "Luoniushan") disclosed the "Announcement on the Estimated External Guarantee Limit for 2025" (Announcement No.: 2025-010) on April 19, 2025. This matter was approved at the 17th temporary meeting of the 10th board of directors and the 2024 annual shareholders' meeting, agreeing to provide guarantees for the financing needs of the company's subsidiaries (including wholly-owned and holding subsidiaries) and joint ventures to ensure smooth operations. The total guarantee limit for 2025 was set at 3.75 billion RMB. The validity period of this guarantee limit is from the date of approval at the 2024 annual shareholders' meeting until the date of the 2025 annual shareholders' meeting, during which the guarantee limit can be used in a revolving manner, but the total guarantee balance at any point in time during the period shall not exceed 3.75 billion RMB.
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The company disclosed the "Announcement on the Estimated External Guarantee Limit for 2026" (Announcement No.: 2026-014) on April 18, 2026. This matter was approved at the 2nd meeting of the 11th board of directors and is subject to approval by the shareholders' meeting before it becomes effective. According to this announcement, the total external guarantee limit proposed for 2026 is 3.65 billion RMB, accounting for 84.20% of the company's latest audited net assets, of which the guarantee limit for entities with a debt-to-asset ratio exceeding 70% is 250 million RMB, and the guarantee limit for joint ventures is 12 million RMB.
Progress Update
- Changes in Guarantees for 2026
The following is an update on the guarantees within the estimated range for the external guarantee limit for 2026: As of April 26, 2026, the usage of guarantee limits by major guaranteed parties is as follows: