E-COMMODITIES (01733) provides a maximum of 600 million yuan in corporate guarantees for its subsidiary Hainan Fudada.
Yi Dazong (01733) issued an announcement, stating that its wholly-owned subsidiary, Hainan Fuduo Supply Chain Management Co., Ltd. (...).
E-COMMODITIES (01733) announces that its wholly-owned subsidiary, Hainan Multitude Supply Chain Management Co., Ltd. (Hainan Multitude), has entered into a credit limit agreement (Hainan Multitude Credit Agreement) and related guarantee documents with Bank of China Limited Yangpu Branch (the Bank). The Bank has agreed to provide Hainan Multitude with a credit limit of up to RMB 1.6 billion (Hainan Multitude Credit Limit) from October 20, 2025 to August 27, 2026. The credit limit will be used for trade financing, bank acceptance bill services, and other services as stipulated in the Hainan Multitude Credit Agreement.
In consideration of the Bank providing credit to Hainan Multitude under the agreement, E-COMMODITIES agrees to provide the Bank with a corporate guarantee of up to RMB 600 million (Hainan Multitude Corporate Guarantee) from October 20, 2025 to December 31, 2030, to jointly guarantee Hainan Multitude's performance of all obligations under the Hainan Multitude Credit Agreement.
Given the continuous optimization of national financing and loan policies, and the increasing support from banks and other financial institutions, the Board of Directors believes that entering into the Hainan Multitude Credit Agreement and related guarantee documents will provide additional funding channels to strengthen Hainan Multitude's cash flow and benefit the Group.
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