Group 1 - The company Zhejiang Weigang Technology Co., Ltd. has approved a guarantee for its wholly-owned subsidiary Wenzhou Weigang International Trade Co., Ltd. to support its business development needs [1][2] - The total guarantee amount is set at RMB 52.5 million, which is approximately USD 7.5 million [3] - The guarantee will be valid for a period of 12 months from the date of approval by the shareholders' meeting, and the amount can be reused within this period [1][2] Group 2 - The guarantee is structured as a joint liability guarantee with the creditor being the Pingyang Branch of the Industrial and Commercial Bank of China [2] - The guarantee covers various financial obligations including principal, interest, and other related fees, as well as costs incurred in enforcing the debt [2][3] - As of the announcement date, the total amount of guarantees provided by the company and its subsidiaries is RMB 122.5 million, accounting for 10.69% of the latest audited net assets [5][6]
浙江炜冈科技股份有限公司关于对全资子公司提供担保进展情况的公告