Lionhead Technology Development Co., Ltd.SSE: 600539

(600539)"LIONHEAD TECHNOLOGY DEVELOPMENT CO., LTD."Announcement on Progress in Providing Guarantee for Controlled Subsidiary

· Issued by Lionhead Technology Development Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 600539 · · 6 pages · Chinese

Summary by 6ix AI

Lionhead Technology Development Co., Ltd. has announced progress regarding guarantees provided for its controlled subsidiary, Hangzhou Kuntin Digital Technology Co., Ltd. The company has signed a maximum guarantee contract with a bank to support the subsidiary's credit needs, with the guarantee amount specified. The board has confirmed that this guarantee is within the approved limits and does not require further approval. The filing also details the necessity and rationale for the guarantee, emphasizing its alignment with the company's strategic goals.

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

On 6ix: 6ix.com/news/600539lionhead-technology-development-co-ltdannouncement-on-progress-in-providing-guarantee-for-controlled-subsidiary

Release

Announcement on Progress in Providing Guarantee for Controlled Subsidiary
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