According to the Treasure Island announcement, on July 30, the company signed a “maximum guarantee contract” with the Agricultural Bank of China to provide a joint liability guarantee of no more than 200 million yuan for bank financing of the participating subsidiary Anhui Jiuzhou Fangyuan Pharmaceutical Co., Ltd. Anhui Jiuzhou Fangyuan plans to apply for a loan extension of 49 million yuan. The extension guarantee amount is within the above amount, and its shareholders will provide a counterguarantee. As of the announcement date, the company's actual total external guarantees amounted to 1,744 billion yuan, accounting for 27.77% of the most recent audited net assets. The 16.8 million yuan guarantee was overdue and is being negotiated for extension.

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