Zhonggan Communication (Group) Holdings Limited (2545) Announces RMB250.00 million Guarantee for Subsidiary

Bulletin Express

03/03

Zhonggan Communication (Group) Holdings Limited (2545) announced a guarantee of up to RMB250.00 million provided to Ganzhou Bank Company Limited, Qingshanhu Branch. The guarantee is intended to secure the obligations of the wholly owned subsidiary Zhonggan Communication (Group) Co., Ltd. under a facility agreement with banking facilities.

According to the announcement, the arrangement is expected to enhance cash flow management and mitigate economic uncertainties. The board stated that the terms were determined following arm’s length negotiations and are considered fair, reasonable, and in the interest of shareholders. It was further noted that the bank and its ultimate beneficial owner are independent third parties.

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