According to the Zhitong Finance App, Conch Cement (00914) announced that the company's subsidiary Fuping Conch Environmental Protection signed a credit agreement with China Merchants Bank Co., Ltd. Xi'an Branch with a credit limit of RMB 17 million. The credit period is 1 year. At the same time, Hailuo Environmental Protection Group signed a letter of guarantee with the Xi'an branch of China Merchants Bank to provide a full joint and several liability guarantee for the above loan. The guarantee amount is RMB 17 million. As of the disclosure date of this announcement, the Company and its subsidiaries have not provided any other guarantees to Fuping Conch Environmental Protection other than this guarantee.