Zhefu subsidiaries provide 300m yuan guarantee to Jiangxi Zili

Zhejiang Shenlian Environmental Group and Hangzhou Fuyang Shenneng Solid Waste Environmental Regeneration, both wholly-owned subsidiaries of Zhefu Holding Group, have jointly provided a maximum guarantee of 300 million yuan to Jiangxi Zili Environmental Technology.

The guarantee covers debt from China Minsheng Bank's Hangzhou branch, with a three-year term from the debt's maturity date. The companies' total approved guarantee amount for consolidated subsidiaries is 550 million yuan, with a current balance of 99.7 million yuan.