Jiaxin Silk (002404): Progress In Providing Guarantees For Holding Subsidiaries

Jiaxin silk (002404) announced on the evening of June 17. On June 16, 2022, the company signed the maximum guarantee contract (Contract No.: jxzbz20220008) with Jiaxing Branch of China Everbright Bank Co., Ltd. (hereinafter referred to as "Everbright Bank"), It is agreed that the company will provide a joint and several liability guarantee of no more than RMB 20 million for the loan of Zhejiang Jiaxin jinshanta Silk Clothing Co., Ltd. from Everbright Bank.

As of the disclosure date of this announcement, the total amount of external guarantee of the company and its holding subsidiaries is no more than RMB 790 million, and the total balance of external guarantee actually undertaken by the company is RMB 137.76 million, accounting for 7.60% of the company's latest audited net assets, of which the total guarantee balance of the company's actual guarantee liability for the consolidated off balance sheet entities is RMB 47.76 million, Accounting for 2.64% of the company's latest audited net assets; There is no accumulated amount of overdue guarantee, the amount of guarantee involved in litigation and the amount of loss due to the judgment of guarantee.