Shinfotech Provides Combined 200 Million Yuan Guarantee for Two Subsidiaries

MaticHoleFiller · 2026-03-21T23:26:26+00:00

Shenzhou Digital disclosed on March 21, 2026 that it provided a guarantee of 200 million yuan for its holding subsidiaries, involving Shenzhou Digital Rongxin Software and Nanjing Huasu Technology. The company's total guarantee amount has reached 8.515 billion yuan, exceeding 150% of net assets. The announcement stated that related risks are controllable and emphasized that all guarantees are internal subsidiary guarantees with no overdue or litigation issues.

MaticHoleFiller

2026-03-21 23:26:26

Abstract generation in progress

China Visitor Network Data
Digital China Information Service Group Co., Ltd. announced on March 21, 2026, the latest developments regarding guarantees provided for its subsidiaries. According to the announcement, the company has signed “Maximum Guarantee Contracts” with Bank of China Beijing Zhongguancun Branch and Shanghai Pudong Development Bank Nanjing Branch, providing joint liability guarantees of 100 million RMB each for its wholly-owned subsidiary Digital China Rongxin Software Co., Ltd. and its controlling subsidiary Nanjing Huasu Technology Co., Ltd., totaling 200 million RMB in guarantees. This guarantee is within the total guarantee limit of 14 billion RMB approved at the company’s 2026 first extraordinary shareholders’ meeting.

In terms of key decisions, the company’s board of directors and shareholders’ meeting have pre-approved the guarantee limit plan for 2026. Key data shows that after the guarantee, the company’s guarantee balance for Digital China Rongxin Software increased to 430 million RMB, and for Nanjing Huasu Technology to 310 million RMB. As of the announcement date, the total actual external guarantees by the company and its subsidiaries amounted to 8.515 billion RMB, accounting for 150.88% of the company’s latest audited net assets. The announcement emphasizes that all guarantees are for subsidiaries within the consolidated financial statements, with no overdue or litigation-related guarantees.

Timeline-wise, the guarantee contracts were signed on March 19, 2026. The scope of impact includes the company’s guarantee responsibilities and the financing capacity of its subsidiaries. The announcement highlights related risks, including that the company’s total guarantees have exceeded 100% of net assets, and some guaranteed assets have a debt ratio exceeding 70%. The company states that it can effectively monitor the operational and financial status of the guaranteed subsidiaries, and the related risks are controllable.

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