Rayitek Hi-Tech Film Company Ltd.SSE: 688323

(688323)"Rayitek Hi-Tech Film Company Ltd., Shenzhen"Announcement on Providing Guarantee for Wholly-owned Subsidiary

· Issued by Rayitek Hi-Tech Film Company Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 688323 · · 5 pages · Chinese

Summary by 6ix AI

Rayitek Hi-Tech Film Company Ltd. has announced that it will provide a guarantee for its wholly-owned subsidiary, Jiaxing Rayitek Hi-Tech Film Technology Co., Ltd., to support its credit application with a bank. The guarantee amount is set at a maximum limit, and the decision was approved by the company's board and shareholders. The filing outlines the necessity and rationale for the guarantee, emphasizing its alignment with the company's operational needs and risk management. As of the announcement date, the company has no overdue guarantees and the total guarantees provided to its subsidiaries are significant in relation to its net assets.

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

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