Zhonghuan Environment provides guarantee for subsidiary financing

Anhui Zhonghuan Environmental Protection Technology (SZSE:300692) announced it is providing a guarantee for its wholly-owned subsidiary, Shijiazhuang Xiamenengxin Environmental Protection Technology, to secure financing. The financing agreement, involving a CNY 34 million loan from North United Financial Leasing, will be collateralized by Shijiazhuang Xiamenengxin's property rights, revenue rights and equity. With this recent guarantee, Zhonghuan Environment’s total guarantee balance reaches CNY 304.33 million, representing 134.50% of its latest audited net assets. The company confirmed that all guarantees are for its wholly-owned or controlled subsidiaries and that it has no outstanding guarantees for entities outside its consolidated financial statements.