Zhefu subsidiaries guarantee 200m yuan loan facility

Zhefu Holding Group Co announced that two wholly-owned subsidiaries signed guarantee contracts with Industrial Bank's Hangzhou Fuyang Branch.

The agreements provide joint liability guarantees for a maximum 200 million yuan to Jiangxi Zili Environmental Technology Co, another wholly-owned subsidiary. The guarantee period runs three years from the debt maturity date.

Total approved guarantee amounts for subsidiaries now stand at 550 million yuan, with a current balance of 99.87 million yuan, representing 8.85% of the company's latest audited net assets.