Loan & DebtApr 30, 2026, 04:10 PM
YIBO Guarantees RMB30M Loan for Subsidiary Jiangxi Yibo
AI Summary
Planet Image International Limited (YIBO) executed a letter of guarantee for RMB30 million in loan agreements between its indirect wholly-owned subsidiary, Jiangxi Yibo E-Tech Co., Ltd., and Bank of Communications. The guarantee, effective from April 21, 2026, to June 20, 2027, provides joint liability for Jiangxi Yibo's obligations under each loan and bank acceptance until 100% of principal and interest are paid off. The company's board of directors approved this execution.
Key Highlights
- YIBO executed a letter of guarantee for RMB30 million in loan agreements.
- The guarantee is for its indirect wholly-owned subsidiary, Jiangxi Yibo E-Tech Co., Ltd.
- The loans are with Bank of Communications.
- The guarantee provides joint liability for Jiangxi Yibo's obligations.
- The guarantee is effective from April 21, 2026, through June 20, 2027.
- The company's board of directors approved the execution of the guarantee.
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