Acter Technology Integration Group Co., Ltd.SSE: 603163

(603163)"ACTER TECHNOLOGY INTEGRATION GROUP CO., LTD."Announcement on Progress in Providing Guarantee for Subsidiary

· Issued by Acter Technology Integration Group Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 603163 · · 4 pages · Chinese

Summary by 6ix AI

Acter Technology Integration Group Co., Ltd. has announced progress regarding guarantees provided for its subsidiary, Sheng Huei Engineering Technology Company Limited, which is necessary for a contract with NEWEB VIETNAM CO.,LTD. The company will provide a guarantee amounting to a specified sum for the subsidiary's engineering contract, which is expected to last for several years. The board has approved this guarantee, considering it essential for the subsidiary's business development and manageable in terms of risk. As of the announcement date, the total amount of guarantees provided by the company and its subsidiaries is substantial, 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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