Luoxin Pharmaceutical provides joint liability guarantee for the 10 million debt of its holding subsidiary

Luoxin Pharmaceutical announced the progress of providing guarantees for its holding subsidiary, Luoxin Anruowei Pharmaceutical Co., Ltd. Previously, the company planned to guarantee its bank credit limit of 20 million yuan, which was approved. Recently, the company signed a "Guarantee Contract" with the Wenchang Branch of Agricultural Commercial Bank, providing joint liability guarantees for Luoan Company's 10 million yuan debt, without the need for further review. Luoan Company is operating normally and has good credit. After this guarantee, the company's guarantee balance for it reaches 10 million yuan, with a remaining guarantee limit of 10 million yuan. After this guarantee, the total guarantee amount for the company and its holding subsidiaries is 2,412 million yuan, with a total external guarantee balance of 1,117.4098 million yuan, and there are no overdue or other adverse guarantee situations. The board of directors believes that the guarantee risk is controllable and in line with the overall interests of the company