Hylink Digital backs parent firm's guarantee with counter-guarantee

Hylink Digital Solution (SSE:603825) announced it will provide a counter-guarantee to its controlling shareholder, Hunan Xiangjiang New Area Development Group, for its guarantee of the company's financing from financial institutions. The financing amount will not exceed RMB 1 billion, with Hylink paying a 1% annual guarantee fee to Xiangjiang Group. As of the announcement date, Hylink has no outstanding guarantees for Xiangjiang Group. This related-party transaction, subject to shareholder approval, involves guarantees exceeding 30% of Hylink's latest audited net assets, requiring investor attention. The guarantee period begins upon shareholder approval and lasts for six months.