Zhongxing Bio-Tech provides guarantees for subsidiaries

Tianshui Zhongxing Bio-Technology (SZSE:002772) announced it is providing guarantees for its subsidiaries Anhui Zhongxing and Qingshui Zhongxing to meet project construction funding needs. Anhui Zhongxing received a guarantee of RMB 18 million for a loan from ICBC Dingyuan Sub-branch, while Qingshui Zhongxing also received a guarantee of RMB 18 million for a loan from Gansu Bank Qingshui Sub-branch. As of the announcement date, the total balance of external guarantees for subsidiaries stands at RMB 115,147.39 million, accounting for 34.71% of the company's latest audited net assets. The company has no overdue external guarantees or related losses.