Ginlong Technologies updates guarantees for subsidiaries, sub-subsidiaries

Ningbo Ginlong Technologies (SZSE:300763) announced updates related to its guarantees for its wholly-owned subsidiaries and sub-subsidiaries. Previously, Ginlong provided guarantees to its sub-subsidiaries, including Suzhou Filimino Solar Power Generation, for bank loans from the Agricultural Bank of China, totaling CNY75,807. The total value of guarantees provided or to be provided to subsidiaries or sub-subsidiaries by the company's subsidiaries since 2023 is CNY663,335. In a change, the guarantees will now be provided by its wholly-owned subsidiary, Ningbo Ginlong Smart Energy, which also signed new guarantee contracts for the listed companies, the group of sub-subsidiaries. This update does not require shareholder approval. As of the announcement, Ginlong Technologies reported no overdue guarantees.