Jiangxi Redboard Technology Co LtdSSE: 603459

Announcement on Providing Guarantee for Wholly-owned Subsidiary

· Issued by Jiangxi Redboard Technology Co Ltd via Shanghai Stock Exchange

Filed with SSE · · 5 pages · Chinese

Summary by 6ix AI

Jiangxi Redboard Technology Co Ltd announced that it will provide a guarantee for its wholly-owned subsidiary, Jiangxi Hongsen Technology Co Ltd, to secure a loan from a bank. The guarantee amount is significant and exceeds a certain percentage of the company's audited net assets, indicating a substantial commitment. The board of directors has approved this guarantee, emphasizing that it is necessary for the subsidiary's business development and poses manageable risks.

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

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