According to the Rongsheng Development announcement, the company plans to provide a joint liability guarantee for the business principal of 99.35 million yuan of cooperation between the holding subsidiary Xingtai Rongsheng and the Xingtai Baiquan Branch of the Industrial and Commercial Bank of China. The total guarantee will not exceed 110 million yuan, and the period will not exceed 49 months. Xingtai Rongsheng will use its own assets as collateral. Xingtai Rongsheng's balance ratio is 110.17%, and the company's indirect shareholding is 99.99%. As of the disclosure date of the announcement, the total amount of the company's actual guarantees was 43.197 billion yuan, accounting for 764.51% of the latest audited net assets, and the overdue guarantee amount was 14.901 billion yuan.

According to the Rongsheng Development announcement, the company plans to provide a joint liability guarantee for the business principal of 99.35 million yuan of cooperation between the holding subsidiary Xingtai Rongsheng and the Xingtai Baiquan Branch of the Industrial and Commercial Bank of China. The total guarantee will not exceed 110 million yuan, and the period will not exceed 49 months. Xingtai Rongsheng will use its own assets as collateral. Xingtai Rongsheng's balance ratio is 110.17%, and the company's indirect shareholding is 99.99%. As of the disclosure date of the announcement, the total amount of the company's actual guarantees was 43.197 billion yuan, accounting for 764.51% of the latest audited net assets, and the overdue guarantee amount was 14.901 billion yuan.