According to Lianchuang's electronic announcement, subsidiaries such as Jiangxi Lianchuang and Changzhou Lianyi recently had overdue debts. As of the announcement date, the total amount overdue was 35,252,000 yuan, accounting for 33.64% of the company's most recent audited net assets. The company is urging subsidiaries to settle debts, communicate with creditor institutions to resolve overdue debts, and raise funds for debt repayment by strengthening cost control, etc. In addition, the external guarantee balance of the company and its holding subsidiaries was $8.294 billion, accounting for 791.38% of the audited net assets on December 31, 2025. Currently, the amount of overdue guarantees was $342 million, accounting for 32.62%. Debts are overdue or reduce the company's ability to finance; investors should be aware of the risks.

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