Jingda provides RMB 3.3bn guarantees to subsidiaries

Tongling Jingda Special Magnet Wire Company has accumulated total external guarantees of RMB 3.34 billion as of July 24, representing 56.65% of the company's latest audited net assets of RMB 5.89 billion.

All guarantees have been extended to wholly-owned subsidiaries and grand-subsidiaries including Tianjin Jingda Enameled Wire, Tongling Dingke Wire, and Guangdong Jingda Enameled Wire through multiple financial institutions. The company confirmed no overdue external guarantees.