Fenglin Wood provides 110m yuan guarantees for subsidiaries

Guangxi Fenglin Wood Industry Group has signed guarantee contracts with China CITIC Bank Nanning Branch totaling 110 million yuan for three wholly-owned subsidiaries from July 2025 to May 2026.

The guarantees comprise 45 million yuan each for Guangxi Baise Fenglin and Guangxi Fenglin Wood-based Panel, plus 20 million yuan for Fenglin Yacht (Huizhou).

The company's total external guarantees now amount to 825 million yuan, within its approved annual limit of 600 million yuan.