JSZY(SH:600770) Shang Hai Zheng Quan Bao·2025-08-05 18:24Core Viewpoint - Jiangsu Zongyi Co., Ltd. has provided a guarantee of up to RMB 7 million for its subsidiary Jiangsu Xinjun Environmental Technology Co., Ltd. to secure a credit facility from Jiangsu Zhangjiagang Rural Commercial Bank [1][4] Group 1: Guarantee Details - The guarantee is a joint liability guarantee with a duration of three years from the expiration of the debt performance period [1][6] - The guarantee covers all debts including principal, interest, penalties, and various fees related to the main contract [4][6] - The guarantee is within the annual limit approved by the shareholders' meeting, thus no further board or shareholder approval is required [2][3] Group 2: Financial Context - As of the announcement date, the total external guarantee balance of the company and its subsidiaries is RMB 201.11 million, which accounts for 6.17% of the audited net assets attributable to shareholders [7] - There are no overdue guarantees reported [7] Group 3: Rationale for Guarantee - The guarantee is deemed a reasonable action authorized by the shareholders' meeting, supporting the stable operation and long-term development of Jiangsu Xinjun [6] - Jiangsu Xinjun has shown steady growth in its traditional organic waste gas treatment business while expanding into high-margin businesses, indicating effective control over its financial status [6]