Fulaiant: Provided a guarantee of 70 million yuan to its wholly-owned subsidiary, Hangzhou Fulaite Trade Co., Ltd.

NightAirdropper · 2026-03-29T13:15:22+00:00

Folaent announces that it has signed a maximum guarantee contract with China CITIC Bank, providing a guarantee of 70 million yuan for its wholly-owned subsidiary. The guarantee amount has been approved within the 2024 shareholders' meeting limit, and the current external guarantee balance is 225 million yuan, accounting for 11.32% of net assets.

NightAirdropper

2026-03-29 13:15:22

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Everyday Business News AI Express, March 27, Follyant announced that on March 26, 2026, the company entered into a “Maximum Amount Guarantee Contract” with the Hangzhou Branch of China CITIC Bank Co., Ltd., providing a joint liability guarantee for its wholly owned subsidiary, Hangzhou Folly Hui Te Trading Co., Ltd. The maximum guaranteed debt limit under the guarantee is RMB 70.00 million. This guarantee falls within the guarantee额度 of RMB 7,000.00 million approved by the company’s 2024 annual general meeting of shareholders, so no further fulfillment of the procedures for consideration and approval by the board of directors and the general meeting of shareholders is required. As of the date of the announcement, the company and its controlling subsidiaries have an outstanding external guarantee balance of RMB 225.00 million in actual terms, representing 11.32% of the company’s audited net assets in the most recent period, and there are no overdue guarantees.

Daily Economic News

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