Shengtong Co., Ltd. announced that the company signed a comprehensive credit contract with the Beijing Tongzhou branch of the Bank of Communications, with a maximum credit limit of 100 million yuan. Using land and above ground as collateral, a 20% deposit is required to issue a bank acceptance bill, and the credit period is 1 year; an additional 50 million yuan amount was approved to issue bank acceptance notes and import letters of credit to provide a full deposit guarantee. As of the announcement date, the total amount of guarantees approved by the company and its holding subsidiaries did not exceed 808 million yuan, accounting for 65.34% of the latest audited net assets, and the total balance of external guarantees was 255 million yuan, accounting for 20.59%. There were no guarantee risks such as overdue guarantees.

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