Core Viewpoint - The company announced that it will provide credit guarantees for its subsidiaries to secure financing from a local bank, indicating a strategic move to support business operations and growth [2]. Group 1: Company Actions - The company’s board approved a proposal to provide guarantees for its wholly-owned subsidiaries, Pinghu Baisha Bay Packaging Co., Ltd. and Zhejiang Chenguang Cable Technology Co., Ltd. [2] - Shanghai Chenguang Cable Co., Ltd. will provide a credit guarantee of up to RMB 10 million for Baisha Bay Packaging and another RMB 10 million for Chenguang Technology [2]. - The guarantees are for the renewal of existing credit facilities, demonstrating the company's commitment to supporting its subsidiaries [2]. Group 2: Financial Details - The credit guarantees are set for a period of 12 months from the date of board approval, with automatic extensions if any loans exceed this period [2]. - The total amount of credit guarantees provided by the company amounts to RMB 20 million [2].
晨光电缆：上海晨光为白沙湾包装和晨光科技的授信融资提供信用保证担保