Jingxing Paper announces guarantee progress for subsidiary

Zhejiang Jingxing Paper Joint Stock (SZSE:002067) announced it has provided a guarantee for its wholly-owned subsidiary, Pinghu Jingxing Packaging Materials Co., Ltd. The company signed a "Maximum Guarantee Contract" with Industrial and Commercial Bank of China (ICBC) Pinghu Branch on March 24, 2025. Under the agreement, Jingxing Paper guarantees a maximum amount of CNY 36 million from March 24, 2025, to March 23, 2026, covering various financial instruments such as loan contracts, bank acceptance agreements, and trade financing agreements between ICBC Pinghu and its subsidiary. As of the announcement date, no actual borrowing has occurred under this contract. After this guarantee, the total outstanding guarantees provided by Jingxing Paper and its subsidiaries amount to CNY 106,711.17 thousand, with guarantees for entities outside the consolidated statements totaling CNY 27,900 thousand, representing 19.13% and 5.00% respectively of the company’s latest audited net assets. The company confirms no overdue debt-related guarantees or litigation involving guarantees.