Shanghai Highly (Group) Co., Ltd.SSE: 600619

(600619)"Shanghai Highly (Group) Co., Ltd."Announcement on Progress of Financing Guarantees Provided by the Controlled Subsidiary for Its Wholly-Owned Subsidiary

· Issued by Shanghai Highly (Group) Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 600619 · · 5 pages · Chinese

Summary by 6ix AI

Shanghai Highly (Group) Co., Ltd. has announced the progress of financing guarantees provided by its controlled subsidiary for its wholly-owned subsidiary, Highly Electrical Appliances (Thailand) Co., Ltd. The announcement details the guarantee amount and the internal decision-making process for the financing agreement with Shanghai Rural Commercial Bank. It also outlines the necessity and rationale for the guarantee, emphasizing effective management and risk control measures in place. The board of directors has approved the guarantee as part of the company's external guarantee policy for the year.

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

On 6ix: 6ix.com/news/600619shanghai-highly-group-co-ltdannouncement-on-progress-of-financing-guarantees-provided-by-the-controlled-subsidiary-for-its-wholly-owned-subsidiary

Release

Announcement on Progress of Financing Guarantees Provided by the Controlled Subsidiary for Its Wholly-Owned Subsidiary

The abstract is for reference only. Please refer to the full text of the announcement on the very day.

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