
THREE V has added RMB 5.0526 million related guarantees for its joint venture
Sanwei Holdings Group Co., Ltd. announced the progress of providing related guarantees for its joint venture Sichuan Sanwei Rail Transit Technology Co., Ltd. This time, it is a joint liability guarantee for Sichuan Sanwei's application for a letter of guarantee from Chengdu Bank High-tech Branch, with a new maximum guarantee amount of 5.0526 million yuan, in addition to the previously accumulated guarantee balance of 562.5051 million yuan. The guarantee has completed the approval process and does not need to be submitted for review by the board of directors and shareholders' meeting. The company's shareholder, Wu Shanguo, chairman of Sichuan Sanwei, provided a counter-guarantee for joint liability. As of the announcement date, the company has provided external guarantees for Sichuan Sanwei amounting to 1 billion yuan, accounting for 32.07% of the most recent audited net assets, with a guarantee balance of 562.5051 million yuan, accounting for 18.04%, with no overdue guarantees

