000534SZSE

Progress Announcement on Providing Guarantees for Subsidiaries by Wanze Co., Ltd.

Wedge Industrial Co., Ltd.·

✨ AI Summary

Wanze Co., Ltd. announced that its subsidiary, Shenzhen Wanze Aviation Technology Co., Ltd., has secured a loan of 50 million RMB. The company, along with other parties, provides joint liability guarantees for this loan, which is backed by two patents as collateral. The total guarantee amount for the company and its subsidiaries is 5.6 billion RMB, with no overdue guarantees reported.

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Full Translation

AI Translation· azure_openai

1. Overview of the Guarantee Situation

Wanze Co., Ltd. (hereinafter referred to as "the Company") announces that its subsidiary, Shenzhen Wanze Aviation Technology Co., Ltd. (hereinafter referred to as "Wanze Aviation"), has obtained a loan of 50 million RMB from Shenzhen High-tech Investment Microfinance Co., Ltd. for a term of one year, intended for daily operational turnover. This credit is guaranteed jointly by the Company, Inner Mongolia Shuangqi Pharmaceutical Co., Ltd., and the Company's actual controller, Mr. Lin Weiguang, with two patents owned by Wanze Aviation pledged as collateral. Shenzhen High-tech Investment Financing Guarantee Co., Ltd. provides an irrevocable joint liability guarantee for the repayment obligations of the financing, while the Company, Inner Mongolia Shuangqi Pharmaceutical Co., Ltd., and Mr. Lin Weiguang provide an irrevocable counter-guarantee to Shenzhen High-tech Investment Financing Guarantee Co., Ltd.

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