---
title: "BAOMING TECH provides joint liability guarantees for the 50 million business of its wholly-owned secondary subsidiary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/257858323.md"
description: "BAOMING TECH announced that it will provide a joint liability guarantee of 50 million for its wholly-owned secondary subsidiary, Ganzhou Baoming. Previously, the company and its subsidiaries planned to apply for a comprehensive credit/loan limit of no more than 6 billion and provide mutual guarantees. Ganzhou Baoming signed a supply chain service agreement with Deyuan Supply Chain, obtaining an open credit limit of 50 million. The announcement shows that as of the disclosure date, the company has guaranteed a loan balance of 427.1689 million for its subsidiaries, and the subsidiaries have guaranteed a loan balance of 343.4154 million for the company, with no overdue guarantee matters"
datetime: "2025-09-18T07:57:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/257858323.md)
  - [en](https://longbridge.com/en/news/257858323.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/257858323.md)
---

# BAOMING TECH provides joint liability guarantees for the 50 million business of its wholly-owned secondary subsidiary

BAOMING TECH released a progress announcement regarding the provision of guarantees for its wholly-owned secondary subsidiary. Previously, the company and its subsidiaries planned to apply for a comprehensive credit/loan limit not exceeding 6 billion and provide mutual guarantees. Recently, the wholly-owned secondary subsidiary Ganzhou Baoming signed a "Supply Chain Service Agreement" with Deyuan Supply Chain, obtaining an exposure limit of 50 million. BAOMING TECH and Baoming Precision provided joint liability guarantees for the performance of this agreement, with the limit within the approval scope of the board of directors and the shareholders' meeting. As of June 30, 2025, Ganzhou Baoming had total assets of 716.9029 million and total liabilities of 349.6463 million. As of the announcement date, the company had guaranteed a loan balance of 427.1689 million for its subsidiaries, and the subsidiaries had guaranteed a loan balance of 343.4154 million for the company, with no overdue or other guarantee matters

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