Xianhe provided a guarantee of 1.833 billion yuan for its subsidiary

Zhitong
2025.09.29 07:58

Recently, Xianhe Co., Ltd. announced that it would provide a joint liability guarantee of CNY 1,833 million for its wholly-owned subsidiary, Guangxi Xianhe New Materials Co., Ltd., for the construction of the high-performance paper-based new materials project in Sanjiangkou New District, Guangxi. As of the announcement date, the actual guarantee balance provided to it has reached CNY 6,343 million, and the total external guarantees of the company and its holding subsidiaries amount to CNY 11,229 million, accounting for 137.99% of the most recent audited net assets, with no overdue external guarantees. This guarantee is within the approved limit of the first extraordinary general meeting of shareholders in 2025 and is signed by the chairman. The company believes that the risk of this guarantee is controllable, aligns with the company's development needs, and will not affect the interests of shareholders

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