Jiuzhou Group: Intends to provide joint liability guarantees for a credit of 8 million yuan for its subsidiary.

date
12/03/2026
The announcement of Jiuzhou Group stated that in order to meet the financing needs of its subsidiaries, it plans to provide joint liability guarantees for comprehensive credit of 8 million yuan each to its wholly-owned subsidiaries Xing Tai Biomass and Fu Yu Biomass from East Dazhi Branch of Everbright Bank in Harbin, with a term of 1 year. Xing Tai Biomass had a revenue of 253 million yuan and a net profit of 8.1888 million yuan in 2025; Fu Yu Biomass had a revenue of 262 million yuan and a net loss of 5.2218 million yuan in 2025. As of the announcement date, the company and its holding subsidiaries have provided a total of 3.719 billion yuan in external guarantees, accounting for 156.18% of the most recent audited net assets, with no overdue guarantee situations, etc.