陈克明食品股份有限公司 关于公司及子公司之间互相提供担保的进展公告

Summary of Key Points Core Viewpoint - The company, Chen Kemin Food Co., Ltd., has disclosed its guarantee situation, indicating a significant amount of mutual guarantees among its subsidiaries, which raises concerns about financial risk management [2][3]. Group 1: Guarantee Overview - As of July 31, 2025, the total amount of mutual guarantees among the company and its subsidiaries is 138,695.75 million RMB, accounting for 56.92% of the company's latest audited net assets [2][6]. - The company has provided guarantees of 23,801.99 million RMB for subsidiaries with a debt-to-asset ratio above 70%, and 114,893.76 million RMB for those below 70% [2]. - The company has not provided guarantees for entities outside the consolidated financial statements and has no overdue guarantees [2][7]. Group 2: Internal Decision-Making Process - The company held board and supervisory meetings on January 2, 2025, and a temporary shareholders' meeting on January 20, 2025, to approve the guarantee limits for the year [3]. - The total guarantee limit for 2025 is set at 3.2 billion RMB, with specific allocations for subsidiaries based on their debt-to-asset ratios [3]. Group 3: Guarantee Progress - On July 28, 2025, the company provided a joint liability guarantee of 10 million RMB for a loan to Huixian Xingjiang Muge Breeding Co., Ltd. from Lanzhou Bank [4]. - The loan contract has not yet been disbursed as of July [4]. Group 4: No Overdue Guarantees - The company has confirmed that there are no overdue guarantees or any legal issues related to guarantees that would result in financial losses [7].