Weekly Stock Review: Cosen Technology (603626) Wholly-owned Subsidiary Provides Guarantee for Holding Subsidiary

As of the close on March 13, 2026, Kosen Technology (603626) closed at 23.3 yuan, down 2.1% from last week’s 23.8 yuan. This week, Kosen Technology’s intraday high was 24.55 yuan on March 13. The intraday low was 21.42 yuan on March 9. There was one trading day with a limit-up closing, and no limit-down closes this week. Kosen Technology’s current total market capitalization is 12.929 billion yuan, ranking 33rd out of 90 in the consumer electronics sector, and 1,630th out of 5,190 in the A-share market.

This Week’s Focus

• Company Announcement Summary: Fully owned subsidiary Kosen Singapore provides a guarantee for US XSY INC’s loan from related parties, with a maximum amount of $3.2 million, at an interest rate of 8% per year.
• Company Announcement Summary: The loan is used for US XSY’s production, operations, and working capital supplementation. Since the company is a newly established overseas entity, it cannot currently obtain financing through financial institutions.
• Company Announcement Summary: The guarantee is provided via margin pledge, with an expected amount not exceeding $3.2 million, without counter-guarantees, and will not harm the interests of the company or shareholders.

Company Announcement Summary

Kusun Kosen Technology Co., Ltd.'s wholly owned subsidiary Kosen Singapore provides a guarantee for its controlling subsidiary US XSY INC’s loan of no more than $3.2 million to its minority shareholder QI Tech Inc. The loan has an interest rate of 8% per year, with a term of 24 months, used for US XSY’s production, operations, and working capital needs.

This guarantee constitutes an associated transaction but does not constitute a major asset restructuring. The matter has been approved by the company’s Fifth Board of Directors’ second meeting and a special meeting of independent directors, and does not require shareholder approval.

Kosen Singapore provides the guarantee via margin pledge, with an expected amount not exceeding $3.2 million, without counter-guarantees. As of the announcement date, the total external guarantees by the company and its controlling subsidiaries amount to 591.0669 million yuan, accounting for 26.22% of the company’s latest audited net assets, with no overdue guarantees.

Since US XSY is a newly established overseas company and cannot obtain financing through financial institutions, it needs to borrow from related parties to meet production, operations, and working capital needs. The loan interest rate consists of a base borrowing rate and a service fee rate, determined based on actual overseas financing costs and negotiated by all parties, following principles of fairness and fairness, without harming the interests of the company or shareholders.

The above content is compiled by Securities Star from publicly available information, generated by AI algorithms (Network Credit Calculation Backup No. 310104345710301240019), and does not constitute investment advice.