Industrial Securities’ overseas subsidiary, Xingzheng International, provides a $30 million guarantee to Xingzheng International Securities.

China Visit Net data On March 24, Industrial Bank Securities Co., Ltd. released an announcement disclosing the latest situation regarding its overseas holding company, Xingzheng International Financial Group Co., Ltd., providing a guarantee for its wholly owned subsidiary, Xingzheng International Securities Co., Ltd. According to the announcement, due to the lending bank increasing the credit limit, Xingzheng International and Standard Chartered Bank (Hong Kong) Limited signed a supplemental guarantee letter. The total guarantee amount for Xingzheng International Securities was increased from no more than USD 20 million to no more than USD 30 million to support the latter’s business development. This guarantee is for an indefinite term and there is no arrangement for counter-guarantee.

This decision on the guarantee has completed the internal authorization procedures at Industrial Bank Securities. The relevant authorization resolutions were deliberated and approved at the 29th meeting of the sixth session of the board of directors and at the 2024 annual general meeting of shareholders. The approvals allow financing-type guarantees to be provided to each other among overseas holding subsidiaries, and authorize the board of directors to further authorize the chairman to carry out actions within the specified limit. The matters related to this guarantee fall within the scope of the above authorization.

Key financial indicators show that as of June 30, 2025, the total assets of the guaranteed party, Xingzheng International Securities Co., Ltd., were HKD 7.44B, total liabilities were HKD 3.82B, and net assets were HKD 3.62B. Industrial Bank Securities indirectly holds 60.24% of its equity through Xingzheng International. The company is a controlling subsidiary within the scope of Industrial Bank Securities’ consolidated financial statements.

The announcement states that this guarantee is intended to meet the needs of the subsidiary’s daily operations and business expansion, and is conducive to the optimization of the company’s resource allocation. Industrial Bank Securities believes that it can effectively manage the guaranteed company’s debt repayment ability, that the related default risk and financial risk are controllable, and that this will not harm the interests of the company or its shareholders.

As of the date of the announcement, the total amount of external guarantees provided by Industrial Bank Securities and its controlling subsidiaries was RMB 23.02B, all of which are guarantees provided for subsidiaries. This represents 39.81% of the company’s audited net assets from the most recent period. The company and its controlling subsidiaries currently have no guarantee-related debt overdue.

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