According to the Hainan Development Announcement, the company provided a financing guarantee for the holding subsidiary Haikong Sanxin. The amount of the guarantee contract that has been signed and is still in existence is 184 million yuan, and the remaining principal amount of the guarantor's claim is 61 million yuan. Due to Haikong Sanxin's inability to repay maturing bank debts, the company recently fulfilled a joint guarantee obligation to pay a total of 125 million yuan in principal and interest to the relevant banks. Up to now, the company has fulfilled its guarantee obligation to repay bank debts totaling 247 million yuan on behalf of Haikong Sanxin. The company is taking steps to replenish working capital and will be reimbursed in accordance with the law. Furthermore, the court has accepted the company's bankruptcy and liquidation application against Haikong Sanxin.

According to the Hainan Development Announcement, the company provided a financing guarantee for the holding subsidiary Haikong Sanxin. The amount of the guarantee contract that has been signed and is still in existence is 184 million yuan, and the remaining principal amount of the guarantor's claim is 61 million yuan. Due to Haikong Sanxin's inability to repay maturing bank debts, the company recently fulfilled a joint guarantee obligation to pay a total of 125 million yuan in principal and interest to the relevant banks. Up to now, the company has fulfilled its guarantee obligation to repay bank debts totaling 247 million yuan on behalf of Haikong Sanxin. The company is taking steps to replenish working capital and will be reimbursed in accordance with the law. Furthermore, the court has accepted the company's bankruptcy and liquidation application against Haikong Sanxin.