Chenlin Education (01593.HK) provides guarantee to its subsidiary SciTech Academy for bank credit.

- Wisdom Finance and Economics APP news, Chenlin Education (01593.HK) announced that the company has provided a guarantee to South Nanchang Branch of China CITIC Bank Limited (the bank) for an amount of up to RMB 300 million. This guarantee is intended to ensure that the company's wholly-owned subsidiary, Jiangxi Applied Science and Technology Institute (Apsci) (as the borrower), fulfills its obligations under the bank financing agreement (the financing agreement) signed with the bank (as the lender).