Jiaxin Silk (002404): The Progress Of Foreign Guarantee
Jiaxin silk (002404) announced on the evening of March 24 that on March 23, 2022, the company and Jiaxing Bank Co., Ltd. (hereinafter referred to as "Jiaxing bank") signed the "maximum amount guarantee contract" (Contract No.: 202203200000031), stipulating that the company shall, from March 23, 2022 to March 23, 2023, Provide joint and several liability guarantee with a maximum amount of RMB 50 million for Zhejiang Jiaxin Financial Leasing Co., Ltd., the company's holding subsidiary.
On March 23, 2022, the company and Jiaxing Branch of China CITIC Bank Co., Ltd. (hereinafter referred to as "China CITIC Bank") signed the "maximum amount guarantee contract" (Contract No.: 2022 xinhangjiayinbao Zi No. 2b0044), stipulating that the company shall, from March 23, 2022 to March 22, 2023, Provide joint and several liability guarantee with a maximum amount of RMB 50 million for Zhejiang jincanwang Supply Chain Management Co., Ltd., the company's holding subsidiary.
On March 23, 2022, the company signed two warehouse receipt purchase guarantee agreements with its holding subsidiaries, Zhejiang jincanwang Supply Chain Management Co., Ltd. and Jiaxing Branch of Minsheng Bank Co., Ltd. (hereinafter referred to as "Minsheng Bank"), with contract numbers of gongcangbao Zi No. 995720220001 and gongcangbao Zi No. 995720220002), The company provides joint and several liability guarantee with the maximum amount of RMB 20 million and RMB 35 million for Hechi Hengye cocoon silk Co., Ltd. and Tongxiang Wufeng Silk Weaving Co., Ltd., respectively.
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