Antong Holdings guarantees CNY 100m for subsidiary

Antong Holdings announced it has provided a guarantee to Quanzhou Antong Logistics, a wholly-owned subsidiary, for a comprehensive credit line of CNY 100 million from the Industrial and Commercial Bank of China (ICBC), Quanzhou Licheng Branch. This guarantee was approved at the company's 2024 annual shareholders' meeting. As of the announcement date, Antong Holdings' outstanding guarantees for its subsidiaries totaled CNY 274,163,930 (including the new guarantee), representing 25.45% of the company's latest audited net assets attributable to shareholders of listed companies. The company stated that there are no overdue external guarantees. The purpose of the guarantee is to support Quanzhou Antong Logistics' business operations, which the board believes poses controllable risk and will not negatively impact the company's financial standing.