Jolywood updates guarantees for subsidiaries, no new amounts

Jolywood (SZSE:300393) announced updates to its guarantee provisions for its holding subsidiaries, Taizhou Jolywood and Suzhou Jolywood Min Sheng Energy. The company renewed a guarantee agreement with Bank of Ningbo for Taizhou Jolywood, covering an existing agreement from April 2023, with a guaranteed amount of 30 million yuan. Additionally, Jolywood signed a guarantee contract with the Export-Import Bank of China for Suzhou Jolywood Min Sheng Energy, amounting to 12.5 million yuan. These guarantees are within the approved limits. Following these actions, Jolywood's total guarantee amount stands at 1,509,895.09 million yuan, with the actual guarantee balance at 867,749.95 million yuan, representing 196.47% of the company's latest audited net assets.