Jinjiang Hotel: Providing a guarantee of 62 million euros to its wholly-owned subsidiary, Hailu Investment.

date
05/12/2025
The Jinjiang Hotel announced that on December 5, 2025, the company signed a "Guarantee Contract" with the Bank of China for a 62 million euro loan for the subsidiary Hailu Investment for working capital. The guarantee period is three years. As of the date of the announcement, the company's total guarantee balance for Hailu Investment is 865.85 million euros, and the total guarantee amount for the company and its wholly-owned subsidiaries is 10.224 billion yuan, accounting for 66.36% of the most recent audited net assets attributable to the parent company, with no overdue guarantees. Hailu Investment's asset-liability ratio exceeds 70%, and the company alerts to investment risks. This guarantee matter has been approved by the board of directors and shareholders' meeting.