Jingxing Paper provides guarantees for subsidiaries and affiliates

Zhejiang Jingxing Paper (SZSE:002067) has announced it is providing guarantees for its wholly-owned subsidiary, Pinghu Jingxing Packaging Materials Co., Ltd., securing CNY 4,000,000 under a maximum guarantee contract with Bank of China Pinghu Branch. Jingxing Paper is also guaranteeing Pinghu Jingbao with a maximum guarantee contract of CNY 20,000,000. Additionally, the company is providing a guarantee to Hongxin Thermal Power Co., Ltd. for domestic letters of credit, including CNY 2,500,000 under a specific credit and CNY 5,500,000 under a maximum guarantee agreement with the Ningbo Bank Jiaxing Branch. Following these guarantees, the total external guarantee amount for Jingxing Paper and its subsidiaries is CNY 98,517,870 and guarantees provided to entities outside the consolidated statement are CNY 26,900,000, representing 16.86% and 4.60% of the latest audited net assets, respectively.