603790.SH announcements, the company's controlling subsidiary, Zhejiang Zhendong New Material Co., Ltd. intends to apply to Ningbo bank, Limited by Share Ltd, Shaoxing branch for financing no more than RMB 2 million yuan, and all shareholders of Shendong new material will provide joint and several liability guarantee based on the shareholding ratio. The company has signed the highest guarantee contract with the Bank of Ningbo on the above guarantee matters, and the amount guaranteed is not more than 10 million 200 thousand yuan. As of the date of the announcement, the total guarantee amount of the company and its subsidiary companies amounted to 124 million yuan (excluding the guarantee amount of 10 million 200 thousand yuan), accounting for 11.82% of the net assets attributable to the shareholders of the listed company on the 31 th of December 2018.