Wolong New Energy Group Co., Ltd.SSE: 600173

(600173)"WOLONG NEW ENERGY GROUP CO., LTD."Announcement on Progress in Providing Guarantee for Indirect Controlling Shareholder

· Issued by Wolong New Energy Group Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 600173 · · 5 pages · Chinese

Summary by 6ix AI

Wolong New Energy Group Co., Ltd. has announced progress regarding guarantees provided for its indirect controlling shareholder, Wolong Holding Group Co., Ltd. The company has signed a guarantee contract with a bank, agreeing to provide a significant amount of financial backing for the shareholder's financing activities. The board of directors has confirmed that the guarantee is reasonable and will not harm the interests of the company or its shareholders.

Written in English by 6ix AI from the company’s Chinese-language filing. How 6ix writes summaries

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