The parent company ST Tian Sheng provides joint liability guarantee for a loan of 10 million obtained by its subsidiary.

date
19/09/2025
On August 26, 2025, the 13th meeting of the 6th Board of Directors of ST Tiansheng agreed to provide guarantee for its wholly-owned subsidiary, Hubei Tiansheng, to apply for credit from the bank. Recently, Hubei Tiansheng signed a 10 million yuan "Working Capital Loan Agreement" with Yun County Rural Commercial Bank, using its own plant as collateral and pledging its invention patents. ST Tiansheng provided joint liability guarantee for the loan, and signed a "Guarantee Agreement". The guarantee covers the principal, interest, etc., and the guarantee period is three years from the day after the maturity of the main contract loan period. Hubei Tiansheng is not a dishonest person subject to enforcement measures, and as of June 30, 2025, its total assets are 22,492.54 million yuan. As of the disclosure date of the announcement, the total outstanding external guarantees of the company and its controlling subsidiaries amounted to 13,130.34 million yuan, with no overdue or litigation-related guarantees.