Zhejiang Taihua New Material Group Co., Ltd.SSE: 603055

(603055)"ZHEJIANG TAIHUA NEW MATERIAL GROUP CO., LTD."Announcement on Progress of External Guarantees

· Issued by Zhejiang Taihua New Material Group Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 603055 · · 6 pages · Chinese

Summary by 6ix AI

Zhejiang Taihua New Material Group Co., Ltd. has announced the progress of its external guarantees, detailing the guarantees provided for its subsidiaries Jiangsu Special and Jiangsu Recycled Nylon. The company has signed guarantee contracts with a bank to support the credit needs of these subsidiaries, which are primarily controlled by the company. The board has confirmed that the guarantees are within the authorized limits and do not require additional shareholder approval. As of the announcement date, the total amount of external guarantees provided by the company and its subsidiaries is significant, with no overdue guarantees reported.

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

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