LONGSYS (09976.HK): Guarantee Cap for Subsidiary Shanghai Longsys Storage Raised to RMB 1.4 Billion

NewTimeSpace News: On 17 September 2026, Shenzhen Longsys Electronics Co., Ltd. (stock code: 09976) disclosed an overseas regulatory announcement that it recently signed a supplementary/amendment agreement to the maximum-amount guarantee contract with Shanghai Pudong Development Bank Co., Ltd., Shanghai Pilot Free Trade Zone Lin-gang Sub-branch, providing a joint and several liability guarantee for debts between its wholly-owned subsidiary Shanghai Longsys Storage Technology Co., Ltd. and the bank, raising the maximum principal balance of the guaranteed claims from not more than the equivalent of RMB 600 million to not more than the equivalent of RMB 1.4 billion, and extending the claim determination period from 21 September 2022 to 20 September 2026 to 20 September 2028.

Following this guarantee, the Company's guarantee balance for Shanghai Longsys Storage stands at RMB 1.5 billion, with zero remaining available guarantee quota. As of the date of the announcement, the Company's total external guarantee limit is RMB 24.6 billion, representing 313.20% of its latest audited net assets, while the total guarantee balance is RMB 10.636 billion, representing 135.42%. All guarantees are provided to subsidiaries within the consolidated statements, with no overdue debts, litigation or liability arising from lost guarantee lawsuits.

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