On August 2, Gelunhui announced that, according to the needs of the company's development, its subsidiary, Wuhan Fuxing Huiyu Happy Valley Co., Ltd. (hereinafter referred to as Wuhan Happy Valley), as the main debtor, and the company's related subsidiary as the joint debtor, signed a financing agreement numbered "Xin-E-B-2024-0013" with China Cinda Asset Management Co., Ltd. Hubei Branch (hereinafter referred to as Cinda Asset) for an amount of 497.4619 million yuan. Fuxing Group Holdings Co., Ltd., the company and its subsidiaries provide guarantees for the above-mentioned debts by signing a "Guarantee Contract" and mortgaging project assets.
The company has provided guarantees for subsidiaries whose asset-liability ratio exceeds 70%. Investors should pay full attention to the risk of guarantees.