Haiyang Technology Co. Ltd.SSE: 603382

(603382)"HAIYANG TECHNOLOGY CO., LTD."Announcement on Progress in Providing Guarantee for Controlled Subsidiary

· Issued by Haiyang Technology Co. Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 603382 · · 4 pages · Chinese

Summary by 6ix AI

Haiyang Technology Co. Ltd. has announced progress regarding guarantees provided for its controlled subsidiary, Jiangsu Haiyang Nylon New Materials Co., Ltd. The company has signed a guarantee contract with a bank, allowing for a significant amount of financial support to the subsidiary. The board of directors has confirmed that the guarantees are necessary for the subsidiary's operations and align with the company's overall strategy. As of the announcement date, the total amount of guarantees provided by the company and its subsidiaries has exceeded a notable percentage of the company's net assets.

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

On 6ix: 6ix.com/news/603382haiyang-technology-co-ltdannouncement-on-progress-in-providing-guarantee-for-controlled-subsidiary

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Announcement on Progress in Providing Guarantee for Controlled Subsidiary

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