This announcement details the company's progress in providing guarantees for its subsidiaries. It states that the total amount of guarantees will not exceed 100% of the company's net assets. The company plans to provide guarantees totaling 5 billion yuan for its subsidiaries, with specific amounts allocated to various projects. The announcement also outlines the financial implications and the expected timeline for these guarantees.
Summary generated by AI · Always verify with source document
After providing guarantees, the company and its controlling subsidiaries will provide information on the total amount of guarantees that exceeds 100%, and the guarantee amount exceeding 70% of the company's net assets will not exceed 50%. The above guarantees are for the company and its subsidiaries and will cover the financial services provided to the subsidiaries. Investors are advised to remain vigilant regarding investment risks.
Sign in to read the full translation
Free accounts get 10 full releases per month. Pro subscribers get unlimited access.