May 13th noon announcement list: Haowu shares subsidiary terminates guarantee for its subsidiaries

2025-05-13 04:03:43

Haowu shares announced that its wholly-owned subsidiary Neijiang Pengxiang Investment Co., Ltd. ("Neijiang Pengxiang") provided a joint and several guarantee for the RMB 25 million financing amount applied by its subsidiary Tianjin HSBC Auto Sales and Service Co., Ltd. ("Tianjin HSBC") to Toyota Motor Finance (China) Co., Ltd. ("Toyota Finance"), and signed the "Guarantee and Indemnity" with Toyota Finance on December 11, 2020. In view of the fact that Tianjin HSBC has fully paid the financing funds to Toyota Finance, and Neijiang Pengxiang issued a "Confirmation Letter on the Company's Intended Termination of Guarantee for Subsidiaries" to Toyota Finance on April 23, 2025, Toyota Finance replied to confirm that Tianjin HSBC has paid off all financing funds and agreed that Neijiang Pengxiang would terminate its guarantee liability.

Toyota Motor

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