Sinco Pharmaceuticals Holdings Ltd. (HK:6833) has released an update.
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Sinco Pharmaceuticals Holdings Ltd. has entered into a Guarantee Agreement with Mr. Huang, its executive Director and substantial shareholder, to provide guarantee services for loans obtained by the company or subsidiaries until 2027. The agreement stipulates a maximum annual guarantee fee of RMB 15 million, which will not require independent shareholder approval due to its terms being on par with or better than those from independent third parties and the transaction ratios falling below 5% as per Listing Rules.
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