Yongtai Tech guarantees CNY 5m for subsidiary

Zhejiang Yongtai Technology (SZSE:002326) announced that it will provide a guarantee for Inner Mongolia Yongtai Chemical, a wholly-owned subsidiary, to secure a CNY 5 million credit line. This guarantee falls within the scope approved at the company's 2024 Annual General Meeting, which authorized a total guarantee amount of CNY 430 million for its subsidiaries. As of the announcement date, the outstanding guarantee balance for subsidiaries totals CNY 299,233.05 million, representing 112.02% of the company's latest audited net assets. The company stated that there are no other external guarantees, overdue guarantees, or litigation-related guarantee losses.