Decai Decoration Co., Ltd.SSE: 605287

(605287)"Decai Decoration Co., Ltd."Announcement on Progress in Providing Guarantee for Subsidiary

· Issued by Decai Decoration Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 605287 · · 5 pages · Chinese

Summary by 6ix AI

Decai Decoration Co., Ltd. has announced progress regarding guarantees provided for its subsidiary, Qingdao Decai High-Tech New Materials Co., Ltd. The company has agreed to provide a joint liability guarantee to support the subsidiary's financing needs, with a maximum guarantee amount specified. As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to a significant portion of the company's audited net assets. The board believes this guarantee is necessary for the subsidiary's operational needs and aligns with the company's strategic goals.

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

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