Guangdong Jingyi Metal Co., Ltd. Announcement on the Progress of External Guarantees
The company and the entire board of directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Special Risk Warning: As of the announcement date, the total amount of guarantees actually incurred by the company and its holding subsidiaries has reached 40.65% of the company's net assets as of the most recent audited period. The amount of guarantees for entities with an asset-liability ratio exceeding 70% accounts for 24.99% of the company's net assets as of the most recent audited period. Investors are kindly requested to pay attention to related risks.
I. Overview of Guarantee Situation Guangdong Jingyi Metal Co., Ltd. (hereinafter referred to as "the Company") has signed a "Comprehensive Credit Line Agreement" with the Foshan Branch of Ping An Bank Co., Ltd. to undertake joint liability guarantees for the credit business of its wholly-owned subsidiary, Guangdong Jingyi Sales Co., Ltd., with a guarantee amount of RMB 60 million; and to undertake joint liability guarantees for the credit business of its wholly-owned subsidiary's subsidiary, Wuhu Jingyi New Material Technology Co., Ltd., with a guarantee amount of RMB 40 million. The guarantee period is from the effective date of the comprehensive credit line agreement until three years after the expiration of the debt repayment period stipulated in the specific credit agreement for such business.