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 · · 5 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 entered into agreements with two banks to provide substantial guarantees to support the subsidiary's operational funding needs. As of the announcement date, the total amount of guarantees provided by the company and its subsidiaries has significantly exceeded its audited net assets. The board has confirmed that these guarantees are necessary for the subsidiary's business development and do not pose risks to the company or its shareholders.

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

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