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Jiaxin Silk (002404): Progress In Providing External Guarantees
Jiaxing Silk (002404) announced in the evening of November 7, 2023 that on November 7, 2023, the company signed two Warehouse Receipt Guarantee Agreements (contract numbers: 2023110500000101 and 2023110500000102) with its holding subsidiary Zhejiang Jincan.com Supply Chain Management Co., Ltd. and Jiaxing Bank Co., Ltd. (hereinafter referred to as "Jiaxing Bank"), The company provides joint and several liability guarantees of up to 20 million yuan and 30 million yuan for Jiaxing Runfeng Cocoon and Silk Co., Ltd. and Lingshan Guihe Silk Industry Co., Ltd., the supply chain enterprises of the cocoon and silk industry.
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