China Tian Bao Group (01427.HK) plans to enter into a corporate guarantee agreement.

Zhijing Finance News App, China Tianbao Group (01427.HK) announced that the company plans to enter into a corporate guarantee agreement, providing a guarantee to Huailai Branch of China Construction Bank Co., Ltd. (the Bank) for a maximum amount of RMB 800 million. The guarantee is intended to ensure that the company's wholly-owned subsidiary, Huailai Tianbao Health Care Services Co., Ltd. (Huailai Health Care) (as borrower), fulfills its obligations under the banking financing agreement (Financing Agreement) with the Bank (as lender). The Bank will provide a long-term loan, due in July 2041, with an interest rate of the China Loan Market Quotation Rate minus 60 basis points, and the annual repayment amount will be based on the development of the Tianbao Jingbei Health City business.