Hengguang Holdings: Provide guarantees of no more than 5.5 million RMB for holding subsidiaries.
Hengguang Corporation announced that the shareholders' meeting in 2025 approved a guarantee limit of not more than 600 million yuan for its subsidiary. Recently, its holding subsidiary, Hengyang Fenglian, applied for comprehensive credit from the Bank of China, with the company providing a guarantee in proportion to its shareholding, and signing a "Maximum Guarantee Contract" with the bank, with a maximum guarantee amount not exceeding 5.5 million yuan. Hengyang Fenglian provided counter-guarantees. As of the date of the announcement, the company's cumulative and outstanding guarantee amount for its holding subsidiaries is 304.5 million yuan, accounting for 22.80% of the latest audited net assets attributable to the parent company. The guarantee balance for entities outside the consolidated financial statements is zero.
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