[Ever Fortune-KY] Announcement of Additional Endorsement Guarantee by Subsidiary Chongqing Larry Yonggu Concrete Co., Ltd.

Key facts

  • [Ever Fortune-KY] Announcement of Additional Endorsement Guarantee by Subsidiary Chongqing Larry Yonggu Concrete Co., Ltd.
  • Ever Fortune-KY announced that its subsidiary, Chongqing Larry Yonggu Concrete Co., Ltd., will provide additional endorsement guarantees for its parent company, Chongqing Yonggu New Material Co., Ltd., and its affiliated company, Chongqing Dongzhao Changsheng New Material Co., Ltd. This is for the banks' loan applications and falls under Article 25, Paragraph 1, Item 3 of the Regulations Governing Fund Lending and Endorsement Guarantees by Publicly Issued Companies.
  • Source: PR Times
  • Date: June 9, 2026

Direct answer

Ever Fortune-KY announced that its subsidiary, Chongqing Larry Yonggu Concrete Co., Ltd., will provide additional endorsement guarantees for its parent company, Chongqing Yonggu New Material Co., Ltd., and its affiliated company, Chongqing Dongzhao Changsheng New Material Co., Ltd. This is for the banks' loan applications and falls under Article 25, Paragraph 1, Item 3 of the Regulations Governing Fund Lending and Endorsement Guarantees by Publicly Issued Companies.

Citation
[Ever Fortune-KY] Announcement of Additional Endorsement Guarantee by Subsidiary Chongqing Larry Yonggu Concrete Co., Ltd. (June 9, 2026), PR Times
Source
PR Times
Date
June 9, 2026
Ever Fortune-KY announced that its subsidiary, Chongqing Larry Yonggu Concrete Co., Ltd., will provide additional endorsement guarantees for its parent company, Chongqing Yonggu New Material Co., Ltd., and its affiliated company, Chongqing Dongzhao Changsheng New Material Co., Ltd. This is for the banks' loan applications and falls under Article 25, Paragraph 1, Item 3 of the Regulations Governing Fund Lending and Endorsement Guarantees by Publicly Issued Companies.

📋 Article Processing Timeline

  • 📰 Published: June 9, 2026 at 09:00
  • 🔍 Collected: June 10, 2026 at 08:00 (23h 0m after Published)
  • 🤖 AI Analyzed: June 12, 2026 at 17:53 (57h 53m after Collected)
1. Date of Fact Occurrence: 115/06/09
2. Company Receiving Endorsement Guarantee:
(1) Company Name: Chongqing Yonggu New Material Co., Ltd.
(2) Relationship with the Company Providing Endorsement Guarantee: It is the parent company that directly holds 100% of Chongqing Larry Yonggu Concrete Co., Ltd.
(3) Limit of Endorsement Guarantee (in thousands of Yuan): 4,456,778
(4) Balance of Original Endorsement Guarantee (in thousands of Yuan): 70,020
(5) Amount of New Endorsement Guarantee This Time (in thousands of Yuan): 70,020
(6) Balance of Endorsement Guarantee as of the Date of Fact Occurrence (in thousands of Yuan): 140,040
(7) Actual Amount Utilized by the Company Receiving Endorsement Guarantee (in thousands of Yuan): 70,020
(8) Reason for New Endorsement Guarantee This Time: The parent company applied for a loan limit, and the board of directors resolved to provide an endorsement guarantee. It was determined that the announcement standard was met based on the timing of the announcement.
(1) Company Name: Chongqing Dongzhao Changsheng New Material Co., Ltd.
(2) Relationship with the Company Providing Endorsement Guarantee: Both are subsidiaries directly held 100% by this group.
(3) Limit of Endorsement Guarantee (in thousands of Yuan): 4,456,778
(4) Balance of Original Endorsement Guarantee (in thousands of Yuan): 140,040
(5) Amount of New Endorsement Guarantee This Time (in thousands of Yuan): 37,344
(6) Balance of Endorsement Guarantee as of the Date of Fact Occurrence (in thousands of Yuan): 177,384
(7) Actual Amount Utilized by the Company Receiving Endorsement Guarantee (in thousands of Yuan): 70,020
(8) Reason for New Endorsement Guarantee This Time: An affiliated company applied for a loan limit, and the board of directors resolved to provide an endorsement guarantee. It was determined that the announcement standard was met based on the timing of the announcement.
3. Collateral Provided by the Company Receiving Endorsement Guarantee:
(1) Content: None
(2) Value (in thousands of Yuan): 0
4. Most Recent Financial Statements of the Company Receiving Endorsement Guarantee:
(1) Capital (in thousands of Yuan): 196,842
(2) Accumulated Profit/Loss (in thousands of Yuan): -17,640
5. Conditions for Release of Endorsement Guarantee Liability:
(1) Conditions: The guarantee liability can be released once the subsidiary terminates its loan facility with the bank.
(2) Date: The guarantee liability can be released once the subsidiary terminates its loan facility with the bank.
6. Total Limit of Endorsement Guarantee (in thousands of Yuan): 51,859,259
7. Balance of Endorsement Guarantee as of the Date of Fact Occurrence (in thousands of Yuan): 947,884
8. Ratio of the Balance of Endorsement Guarantee Provided by A to the Net Worth of the Publicly Issued Company's Most Recent Financial Statements as of the Date of Fact Occurrence: 49.62
9. Ratio of the Total Balance of Endorsement Guarantee, Long-Term Investment, and Fund Lending to the Net Worth of the Publicly Issued Company's Most Recent Financial Statements as of the Date of Fact Occurrence: 110.49
10. Other Matters to be Noted: Calculated using the exchange rates of RMB 4.668 and USD 31.615 as of June 9, 115.

FAQ

What kind of business does Ever Fortune-KY engage in?

Ever Fortune-KY primarily manufactures and sells construction materials, such as concrete products, in the Chinese market.

To whom is this endorsement guarantee being provided?

It is being provided to its parent company, Chongqing Yonggu New Material Co., Ltd., and its affiliated company, Chongqing Dongzhao Changsheng New Material Co., Ltd.

What is the limit of the guarantee?

The guarantee limit for each company is 4,456,778 thousand Yuan (approximately 4.46 billion Yuan).

What is the significance of this announcement?

It indicates active fundraising as part of the company's growth strategy, reflecting its ambition for business expansion in the Chinese market.

When will the guarantee be released?

The guarantee will be released when the subsidiary terminates its loan agreement with the bank.