Shanghai Putailai New Energy Technology Co., Ltd.SSE: 603659

(603659)"SHANGHAI PUTAILAI NEW ENERGY TECHNOLOGY GROUP CO., LTD."Announcement on Progress of a Guarantee Provided to a Subsidiary

· Issued by Shanghai Putailai New Energy Technology Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 603659 · · 4 pages · Chinese

Summary by 6ix AI

Shanghai Putailai New Energy Technology Co., Ltd. has announced the progress of a guarantee provided to its subsidiary, Liyang Zicheng, for a commercial acceptance bill business with a bank. The company has signed a cooperation agreement to provide a guarantee amounting to a specified sum for this subsidiary's operations. As of the announcement date, the total amount of guarantees provided by the company and its subsidiaries to Liyang Zicheng has reached a significant total, exceeding the company's audited net assets. The board of directors has approved this new guarantee, emphasizing its necessity and alignment with the company's strategic interests.

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

On 6ix: 6ix.com/news/603659shanghai-putailai-new-energy-technology-group-co-ltdannouncement-on-progress-of-a-guarantee-provided-to-a-subsidiary

Release

Announcement on Progress of a Guarantee Provided to a Subsidiary

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

Link of Full Text for Reference:

Shanghai Putailai New Energy Technology Co., Ltd. on 6ix

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