Zhefu Holdings subsidiaries provide 300m yuan guarantee

Zhefu Holding Group's wholly-owned subsidiaries have jointly provided a maximum guarantee of 300 million yuan to Jiangxi Zili Environmental Technology, another subsidiary within the group.

The joint and several liability guarantee covers Jiangxi Zili's debt with China Merchants Bank Hangzhou Branch, with a three-year period beyond debt maturity.

The company's total approved guarantee amount for consolidated subsidiaries is 550 million yuan, with current guarantee balance of 95 million yuan representing 8.42% of audited net assets.