Antong Holdings extends guarantee for subsidiary's CNY 300m credit

Antong Holdings announced it has renewed a guarantee agreement with the Bank of China's Fengze branch to support its wholly-owned subsidiary, Quanzhou Antong Logistics. The guarantee covers a CNY 300 million comprehensive credit line. As of the announcement date, Antong Holdings' outstanding guarantees for Quanzhou Antong Logistics totaled CNY 224,163.93. The total guarantees extended to subsidiaries for operational needs amount to CNY 274,163.93, representing 25.45% of the company's latest audited net assets attributable to shareholders. The company stated that there are no overdue external guarantees. The decision was approved at the company’s 2024 Annual General Meeting.