According to Zhitong Finance App, China Biotechnology Service (08037) announced that Shanghai Longyao Biotechnology Co., Ltd. (Shanghai Longyao), an indirect non-wholly-owned subsidiary of the company, has signed a small business working capital loan contract (loan contract) with the Pudong Branch of the Bank of Shanghai (lender). According to the loan agreement, the lender agreed to provide a credit limit of up to RMB 5 million to Shanghai Longyao for a period of one year from the date of the loan agreement for general working capital purposes.

Considering the provision of a credit line in accordance with the loan contract, the company entered into an inclusive and small business loan guarantee contract (guarantee contract) with the lender as the beneficiary to properly and promptly fulfill the obligation of the loan contract with an unconditional and irrevocable guarantee, including that Shanghai Longyao paid all due and payables. The actual obligation is governed by the terms of the guarantee contract.