Aohong Electronics provides a joint liability guarantee of 120 million for its subsidiary Haihong Electronics

Zhitong
2025.09.17 08:44

On September 17, 2025, Changzhou Aohong Electronics Co., Ltd. signed a "Maximum Guarantee Contract" with Industrial and Commercial Bank of China, providing a joint liability guarantee for credit business between its wholly-owned subsidiary Haihong Electronics and the bank, not exceeding RMB 120 million. The guarantee period is from September 17, 2025, to September 30, 2026. As of the announcement date, the actual guarantee balance provided by the company for Haihong Electronics is RMB 154 million, and the total external guarantee balance of the company and its subsidiaries accounts for 8.97% of the latest audited net assets of the listed company. Haihong Electronics is in good operating condition, with a net profit of RMB 36.13 million for the first half of 2025. This guarantee has been reviewed and approved by the company's board of directors, with controllable risks, and is beneficial for the subsidiary's business development

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