Xinhua Jin (600735): Progress In Providing Guarantees For Subsidiaries

Xinhua brocade (600735) announced on the evening of March 23, March 23. Recently, based on the needs of the company's business development, the company provided the maximum amount of joint liability guarantee for the RMB 20 million comprehensive credit line applied by Shanghai Lizhi to Bank of Jiangsu Co., Ltd. Shanghai Branch, and signed the relevant guarantee agreement. The above guarantee amount is within the scope of the line approved by the board of directors of the company. Shanghai Liyi enterprise management center (limited partnership), which holds 40% of the equity of Shanghai Liyi, and its actual controllers, Wang Liyang and Ke Yi, provide the company with counter guarantee in the form of equity pledge and guarantee. The scope of counter guarantee is 40% of the company's guarantee liability. The company has signed a counter guarantee agreement with the above-mentioned counter guarantee parties on March 16, 2022.

As of the disclosure date of this announcement, the total amount of guarantee provided by the company to subsidiaries is 214 million yuan, and the total amount of guarantee actually provided by the company to subsidiaries is 175 million yuan, accounting for 17.08% of the latest audited net assets of the listed company. There is no guarantee provided for the third party outside the scope of consolidated statements, and there is no overdue guarantee.