The announcement details Jiangsu Chaochao Control Co., Ltd.'s provision of guarantees exceeding 100% of its net assets. The company plans to provide a guarantee limit of up to RMB 108.401 million. This decision aims to support the development of its subsidiaries and mitigate financial risks.
Summary generated by AI · Always verify with source document
This company and its board of directors confirm that the content of this announcement is true, accurate, complete, and free of false records, misleading statements, or major omissions.
Special Note:
As of now, the company and its controlling subsidiary have exceeded the guarantee limit of the company recently applied for net assets of over 100%. Investors are advised to pay attention to guarantee risks.
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