According to the Hainan Development Announcement, the company provides financing guarantees for the holding subsidiary Haikong Sanxin New Energy Materials Co., Ltd. Up to now, the amount of the guarantee contract that has been signed and is still in existence is 184 million yuan, the remaining principal amount of the guarantor's claim is 0.18 million yuan, and the company has fulfilled the guarantee obligation to repay the total amount of 290 million yuan on its behalf. Recently, due to the bankruptcy and liquidation of Haikong Sanxin, the bank debt matured early and could not be repaid, and the company paid CCB Bengbu branch 43.1 million yuan for it. Haikong Sanxin provided counterguarantees with its own movable property and real estate, and the company said it would recover them in accordance with the law. However, the company faces the risk of not being able to fully recover the repayment due to guarantees and claims.

According to the Hainan Development Announcement, the company provides financing guarantees for the holding subsidiary Haikong Sanxin New Energy Materials Co., Ltd. Up to now, the amount of the guarantee contract that has been signed and is still in existence is 184 million yuan, the remaining principal amount of the guarantor's claim is 0.18 million yuan, and the company has fulfilled the guarantee obligation to repay the total amount of 290 million yuan on its behalf. Recently, due to the bankruptcy and liquidation of Haikong Sanxin, the bank debt matured early and could not be repaid, and the company paid CCB Bengbu branch 43.1 million yuan for it. Haikong Sanxin provided counterguarantees with its own movable property and real estate, and the company said it would recover them in accordance with the law. However, the company faces the risk of not being able to fully recover the repayment due to guarantees and claims.