Jingxing Paper provides guarantee for Hongxin Thermal Power loan

Zhejiang Jingxing Paper Joint Stock (SZSE:002067) announced that it is providing a guarantee for Hongxin Thermal Power's loan from the Agricultural Bank of China. Hongxin Thermal Power has borrowed CNY 25 million from the Agricultural Bank of China's Pinghu branch. The loan is for a one year term through May 20, 2026, and is secured by Jingxing Paper. The total value of guarantees extended by Jingxing Paper and its subsidiaries has reached CNY 111,003.24 million, while the total value of guarantees provided to entities outside of its consolidated statements is CNY 27,900.00 million. These guarantee amounts represent 19.00% and 4.77% of the company’s most recent audited net assets, respectively. Separately, the company announced the replacement of its sponsoring representative for its 2020 public offering of convertible corporate bonds, with Ren Fei stepping in to replace Xu Huanyun.