000806SZSE

Announcement on Providing Counter-Guarantee for Financing Business of Wholly-Owned Subsidiary

Galaxy Retreat Co., Ltd.·June 1, 2023·5 pages

✨ AI Summary

The company has approved a counter-guarantee of 12.152 million yuan for its subsidiary Jiangxi Transformer Technology Co., Ltd. to secure financing from Nanchang Chantuo Financing Guarantee Co., Ltd. The counter-guarantee is valid for three years from the date of payment by Nanchang Chantuo. The board believes this will facilitate the subsidiary's operations and enhance its debt repayment capacity.

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Full Translation

AI Translation· azure_openai

Securities Code: 000806
Securities Abbreviation: *ST Galaxy
Announcement Number: 2023-046

Beihai Galaxy Biological Industry Investment Co., Ltd. announces the provision of a counter-guarantee for the financing business of its wholly-owned subsidiary.

Important Notice:

Name of the guaranteed party: Nanchang Chantuo Financing Guarantee Co., Ltd.
Counter-guarantee amount: 12.152 million yuan
Counter-guarantee period: Within three years from the date of Nanchang Chantuo's external payment

According to the regulations of the China Securities Regulatory Commission, Shenzhen Stock Exchange, and the Articles of Association, this counter-guarantee falls within the board's approval authority and does not require submission to the shareholders' meeting for review.

Beihai Galaxy Biological Industry Investment Co., Ltd. (hereinafter referred to as "the Company") held the fifth meeting of the eleventh board of directors on June 1, 2023, combining on-site and communication voting, and approved the proposal on providing a counter-guarantee for the financing business of its wholly-owned subsidiary. The relevant matters are announced as follows:

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