Jingxing Paper provides guarantee for Hongxin Thermal Power

Zhejiang Jingxing Paper Joint Stock Co., Ltd. (SZSE:002067) announced it is providing a guarantee under a maximum guarantee contract for its affiliate, Hongxin Thermal Power. The guarantee covers a CNY 30 million domestic letter of credit opened by Hongxin Thermal Power with the Ningbo Bank Jiaxing Branch, with a payment term of 365 days after sight. The company is also providing a joint liability guarantee up to a maximum principal amount of CNY 55 million for various business activities undertaken by Hongxin Thermal Power with the same bank branch. As of this announcement, the total outstanding external guarantees provided by Jingxing Paper and its subsidiaries amount to CNY 102,204.59 million, representing 17.49% of the company's latest audited net assets.