Shenzhen Gongjin Electronics Co., Ltd.SSE: 603118

(603118)"SHENZHEN GONGJIN ELECTRONICS CO., LTD."Announcement on Progress in Providing Guarantees for Subsidiaries

· Issued by Shenzhen Gongjin Electronics Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 603118 · · 5 pages · Chinese

Summary by 6ix AI

Shenzhen Gongjin Electronics Co., Ltd. has announced progress regarding guarantees provided for its subsidiary, Haining Tongwei Electronics Co., Ltd. The company has signed a guarantee agreement with Haining Tongwei and Chongda Technology Co., Ltd., providing joint liability guarantees for debts incurred by Haining Tongwei. The total amount of guarantees provided by the company and its subsidiaries is reported to be significant, reflecting a substantial portion of the company's net assets. The board of directors has approved the guarantee arrangements, emphasizing their alignment with the company's strategic goals.

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

On 6ix: 6ix.com/news/603118shenzhen-gongjin-electronics-co-ltdannouncement-on-progress-in-providing-guarantees-for-subsidiaries

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Announcement on Progress in Providing Guarantees for Subsidiaries

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