Zoomlion keenman threw 3 billion 250 million yuan to support holding subsidiaries

To support the development of the stock control subsidiary, ZOOMLION provides 3 billion 250 million yuan to promote its development.

The supporting subsidiaries of ZOOMLION include Zhonglian heavy machine Nanling, Zhonglian heavy machinery Zhejiang, Anhui Valley King drying machine, Henan Rui Chuang general machinery manufacturing, ZOOMLION Anhui industrial vehicle.

At present, the company's total external guarantee is about 9 billion 168 million yuan, accounting for 22.96% of the net assets of the company's latest audit, all of which are guaranteed to the holding company. In addition to Zoomlion machine and its subsidiaries, Zoomlion listed wholly-owned subsidiaries provide guarantees in "related matters about holding company guarantee notice" in the guarantee amount equivalent to 5 billion 350 million yuan, to provide joint liability guarantee for its application to the financial institutions financing.

In response to this guarantee, the Zhonglian heavy machinery company agreed to provide counter guarantee to the company with its assets entitled to possession or disposition, and the assets which were counter guaranteed were 3 billion 250 million yuan worth of fixed assets or floating assets, and signed an "anti guarantee contract" with ZOOMLION.

The purpose of the guarantee is that all other holding subsidiaries are ZOOMLION's wholly owned holding companies (shareholding ratio is 100%), mainly as a management platform for ZOOMLION to lay out overseas financial businesses, international trade, financial leasing, investment and financing businesses. This guarantee is mainly used to support the development of ZOOMLION's international strategy and investment and financing.

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