Jiamei Packaging seeks credit, guarantees for subsidiaries

Jiamei Food Packaging (Chuzhou) announced that it plans to apply for a comprehensive credit line of 380 million yuan from banks and provide corresponding guarantees. The decision was approved at the company's board meeting on February 17, 2025. Jiamei will provide guarantees for its subsidiaries including Jianyang Jiamei Iron Printing and Can Making, LinYing Jiamei Iron Printing and Can Making, Fujian Crown Cover Metal Packaging, and Fujian Mingguan Packaging Materials with guarantee amounts of 3 million yuan, 3 million yuan, 3 million yuan and 1 million yuan respectively. Additionally, Jiamei Packaging seeks credit lines for itself, totaling 28 million yuan from China Agricultural Bank and other banks. As of the announcement date, the company’s accumulated external guarantees stand at 356.4 million yuan, accounting for 14.16% of the latest audited net assets.