Ningbo Fangzheng: Providing a guarantee of 40 million yuan for an indirectly controlled subsidiary.

date
17/08/2026
Ningbo Founder announced that the company has signed a "Maximum Guarantee Contract" with the Yingtan Branch of Bank of China Ltd., providing a joint liability guarantee with a maximum limit of 40 million yuan for its indirectly held subsidiary, Jiangxi Founder New Energy Technology Co., Ltd. This guarantee falls within the total approved guarantee limit of 330 million yuan for the fiscal year 2026, and does not require additional review procedures. As of the date of the announcement, the actual guarantee balance of the company and its subsidiaries is 78.7 million yuan, accounting for 6.00% of the audited net assets attributable to shareholders of the listed company at the end of 2025, with no overdue guarantees or litigation-related guarantees.