Jiaao Enprotech to guarantee subsidiaries with CNY 140m

Zhejiang Jiaao Enprotech Stock (SSE:603822) announced it will provide a guarantee of 40 million yuan for its subsidiary, Jiangsu Sizheng Import & Export, and 100 million yuan for Zhejiang Jiaao Chemical, a related transaction, to improve financing efficiency and meet daily operational needs. As of the announcement date, the outstanding guarantee balance for both subsidiaries is zero. The total amount of external guarantees provided by the company exceeds 100% of its latest audited net assets. The board of directors approved the guarantee proposal on February 17, 2025, with related directors abstaining from voting. The company clarified that the guarantees are for wholly-owned or controlled subsidiaries, and the associated risks are controllable.