Zhitong Finance App News, Zhongying Shengda Finance Guarantee (01543) issued an announcement. On February 6, 2024, the company (as the guarantor) signed a maximum guarantee credit service contract with Zhongshan Torch Development Zone Construction and Development (as the guarantor). The company and its subsidiaries will provide guarantees, with a maximum guarantee amount of RMB 260 million. The service fee for each individual guarantee provided by the group company will be reached between the group company and Zhongshan Torch Development Zone Construction and Development Group Corporation in accordance with the separate guarantee service agreement to be concluded, but in any case, it shall not exceed 4.8% of the guarantee amount provided each year.
According to reports, the Zhongshan Torch High-tech Industrial Development Zone is the main industrial and economic carrier of Zhongshan City, with great potential for regional development. The construction and development of the Zhongshan Torch Development Zone is an important state-owned enterprise in the Zhongshan Torch Development Zone, mainly engaged in land and real estate development. Among them, the land development business is regionally franchised. Currently, the real estate development business project reserve scale is reasonable, providing important resources for the Group to develop real estate guarantee business. The provision of guarantee services to Zhongshan Torch Development Zone Construction and Development Group Corporation will provide them with business development support. The construction projects involved are real estate projects for the construction, development and development of the Zhongshan Torch Development Zone, and at the same time generate operating income for the Group. By providing guarantee services to Zhongshan Torch Development Zone Construction and Development Group Corporation, the Group will establish long-term business relationships with them, which will help strengthen our business and our brand building. Therefore, the directors expect that cooperation with the construction and development of the Zhongshan Torch Development Zone will bring the Group more business opportunities for cooperation with large well-known enterprises.