Chen Lin Education Group Holdings Ltd. has voluntarily announced a guarantee for banking facilities to its wholly-owned subsidiary, Jiangxi Institute of Applied Science and Technology (JXIAS). The company has provided a guarantee of up to RMB300,000,000 to China CITIC Bank Corporation Limited, Nanchang Branch, to support JXIAS's obligations under a banking facility agreement. The move aims to enhance JXIAS's cash flow management.
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