Da Wei Corporation: Provide joint liability guarantee for the subsidiary's financing of 30 million yuan.
Da Wei Corporation announced that it has been approved to provide a guarantee limit of up to 1.8 billion yuan for its holding subsidiary, with the deadline for reconsideration at the 2025 annual shareholders meeting. Recently, the company signed contracts with the China Bank Luohu Branch, the Industrial and Commercial Bank Xinsha Branch, and the Beijing Bank Shenzhen Branch to provide joint liability guarantees for a total of 30 million yuan in financing for its wholly-owned subsidiary Da Wei Chuangxin and its wholly-owned subsidiary Xinhui Group. As of the announcement date, the company has provided a total guarantee limit of 120 million yuan for its subsidiaries, with an actual total of 72.1 million yuan, accounting for 12.76% of the latest audited net assets, with no overdue or litigation-related guarantees.
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