Dongli Machinery: Plans to raise 400 million in financing and provide a 30 million loan guarantee for its subsidiary

Dongli Machinery announced that in the fiscal year 2025, the company and its wholly-owned subsidiaries plan to apply for financing of no more than 400 million yuan from banks, with various financing types, primarily secured by the pledge of intangible assets and guarantees from the parent company for its subsidiaries. Among them, the guarantee limit for subsidiaries with a debt-to-asset ratio not exceeding 70% is no more than 300 million yuan, and for those exceeding 70%, it is no more than 160 million yuan, with a validity period of 12 months. Recently, the company signed a "Maximum Guarantee Contract" with the Dezhou Technology Branch of Qingdao Bank to provide joint liability guarantees for a 30 million yuan short-term working capital loan for its wholly-owned subsidiary Shandong Anuoda, with the guarantee period lasting until September 23, 2028. As of the announcement date, the total amount of external guarantees approved by the company is 460 million yuan, with a guarantee balance of 132 million yuan, and there are no overdue or irregular guarantees