Shandong Shengyang Power Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
002580SZSE
Progress Announcement on Providing Guarantee for Subsidiary's Credit Application
✨ AI Summary
This announcement details the progress of Shandong Shengyang Power Co., Ltd. in providing guarantees for its subsidiary, Shandong Shengyang Lithium Technology New Energy Co., Ltd., to secure a credit facility. The company approved a guarantee of up to RMB 100 million, with a related party providing a counter-guarantee of 45%. Recent agreements with banks have established guarantees totaling RMB 80 million.
Summary generated by AI · Always verify with source document
Full Translation
AI Translation· azure_openai
Sign in to read the full translation
Free accounts get 10 full releases per month. Pro subscribers get unlimited access.