Huibop: providing joint liability guarantees of not exceeding $7 million for its wholly-owned subsidiary.
Hui Bop announced that the 7th meeting of the 5th Board of Directors in 2025 approved a proposal to provide a credit line of up to 7 million US dollars to its wholly-owned subsidiary, Hong Kong Huihua Global Technology Co., Ltd., through the Changsha Branch of the Industrial Bank, providing joint and several guarantee for the same amount, with a guarantee period of three years after the debt is due. Zhang Zhongwei is authorized to sign relevant legal documents on behalf of the company. As of September 30, 2025, Hong Kong Huihua's total assets are 2.433 billion RMB, net assets are 1.32 billion RMB, revenue for January to September 2025 is 543 million RMB, and net profit is 108 million RMB. After this guarantee, the total amount of external guarantees approved for the company and its holding subsidiaries has reached 0.796 billion RMB.
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