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Ou Fei Guang announced that Anhui Jingzhuo Optical Display Technology Co., Ltd., a wholly-owned subsidiary of the company's participating subsidiary, applied for 30 million yuan of financing from the Lu'an Branch of the Bank of Communications to provide joint and several liability guarantees from Shucheng County Industrial Investment. According to the 48.12% shareholding ratio of Jingzhuo Technology, the company provided joint and several liability counterguarantees for the recovery rights of Shucheng County Industrial Investment, with a counterguarantee amount of 144.36 million yuan. Jingzhuo Technology provides collateral counterguarantees with equipment assets with an original book value of 19.6307 million yuan and an assessed value of 14.6615 million yuan. Up to now, the total guarantee balance of the company and its subsidiaries is $4.179 billion, accounting for 104.33% of the latest audited net assets. There are no overdue guarantees or guarantee lawsuits.
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Ou Fei Guang announced that Anhui Jingzhuo Optical Display Technology Co., Ltd., a wholly-owned subsidiary of the company's participating subsidiary, applied for 30 million yuan of financing from the Lu'an Branch of the Bank of Communications to provide joint and several liability guarantees from Shucheng County Industrial Investment. According to the 48.12% shareholding ratio of Jingzhuo Technology, the company provided joint and several liability counterguarantees for the recovery rights of Shucheng County Industrial Investment, with a counterguarantee amount of 144.36 million yuan. Jingzhuo Technology provides collateral counterguarantees with equipment assets with an original book value of 19.6307 million yuan and an assessed value of 14.6615 million yuan. Up to now, the total guarantee balance of the company and its subsidiaries is $4.179 billion, accounting for 104.33% of the latest audited net assets. There are no overdue guarantees or guarantee lawsuits.
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