As reported by the Zhitong Finance and Economics APP, cssc shipping (03877) announced that after the trading session on October 29, 2024, the company (as guarantor) has provided a guarantee of up to 0.10115 billion US dollars for lessees Sea Ruby and Sea Sapphire to timely fulfill their respective obligations, duties, and responsibilities under the lease or related lease agreements, with the beneficial owners being Unit 218 and Unit 219 of the ships.

The announcement states that providing guarantees will help lessees meet their post-sale leaseback and day-to-day operational funding needs. In addition, since the company is only guaranteeing based on its equity interest in the lessee through Sea Jade, the directors believe that the guarantee will enable the group to ensure the lessees' sustained stable growth, generate business benefits, and ultimately promote the group's future earnings.