Zhengbang Tech provides guarantees amid sales growth, ecosystem support

Jiangxi Zhengbang Technology [SZSE:002157] has announced advancements in its external guarantee program, aiming to provide financial support to its industry chain partners. The company will provide guarantees to supply chain partners to improve their liquidity. The maximum guarantee amount will be CNY 1 billion. Twin Brothers, the holder of 40% equity of the guaranteed parties, will provide a counter-guarantee for this guarantee. Additionally, the company disclosed that it has signed a maximum guarantee contract with Heilongjiang Xiangyu Agricultural Products.