NAR Co., Ltd.: Provides a guarantee of 50 million yuan for its wholly-owned subsidiary Nantong Baina.

date
17/08/2026
Nail Group announced that it recently signed a "Maximum Irrevocable Guarantee Letter" to provide joint liability guarantee for its wholly-owned subsidiary, Nantong Baina, in applying for a comprehensive credit line of 50 million yuan from China Merchants Bank Nantong Branch. This guarantee falls within the limit of 500 million yuan approved by the company's annual general meeting in 2025. After this additional guarantee, the total guarantee amount used is 150 million yuan, leaving a remaining guarantee amount of 350 million yuan. Previously, a total of 280 million yuan of guarantees had expired. As of the announcement date, the company and its controlling subsidiaries have no overdue external guarantees or litigation-related external guarantees.