Zhongxing Bio-Tech guarantees subsidiary's CNY 30m loan

Tianshui Zhongxing Bio-Technology (SZSE:002772) has announced that it is providing a guarantee for a CNY 30 million loan obtained by its wholly-owned subsidiary, Meishan Changhong Agricultural Bio-Technology, from the Pengshan branch of Meishan Rural Commercial Bank. The loan has a term of 54 months and is intended to fund project construction and daily operations. This guarantee falls within the previously approved 2025 guarantee quota authorized by the company's shareholders. The company's total outstanding guarantees for subsidiaries and wholly-owned subsidiaries stands at CNY 127,417.39 million, representing 38.41% of the company's latest audited net assets. The announcement confirms that there are no overdue external guarantees, related litigations, or losses incurred from unfavorable guarantee judgments.