Zitong Financial App News, Nanjing Panda Electronics Co., Ltd. (00553) issued an announcement, the company guarantees for Nanjing Panda Electronic equipment Co., Ltd., Nanjing Panda Information Industry Co., Ltd., Nanjing Panda Communication Technology Co., Ltd., Nanjing Huag Electric Automobile and Plastics Co., Ltd., Nanjing Panda Mechanical and Electrical Manufacturing Co., Ltd., Chengdu Panda Electronic Technology Co., Ltd. Total financing does not exceed RMB 472 million yuan. Among them, the total guarantee limit for subsidiaries whose asset-liability ratio is more than 70% does not exceed 152 million yuan, and that for subsidiaries with asset-liability ratio less than 70% does not exceed 320 million yuan. During the period from the day after the conclusion of the annual general meeting of 2021 to the date of the annual general meeting of 2022. As of the date of announcement, the guarantee balance actually provided by the company to the above-mentioned companies is RMB 118 million, which is within the total amount approved by the shareholders' meeting.