Core Viewpoint - The announcement details the external guarantee situation of Yunnan Shennong Agricultural Industry Group Co., Ltd. for July 2025, highlighting the company's commitment to support its subsidiaries through financial guarantees [1][10]. Summary by Sections Guarantee Object and Basic Situation - In July 2025, the company provided a guarantee of RMB 9.2367 million for its wholly-owned subsidiary Guangxi Chongzuo Shennong Animal Husbandry Co., Ltd. for a fixed asset loan from CITIC Bank Kunming Technology Branch, bringing the total guarantee balance to RMB 137.9084 million as of July 31, 2025 [1]. Cumulative Guarantee Situation - The company approved a total guarantee limit of up to RMB 2.51 billion for 2025, which includes: - A maximum of RMB 1.96 billion for bank loans - RMB 400 million for raw material procurement guarantees - RMB 100 million for product performance guarantees - RMB 50 million for guarantees to customers and cooperative farmers [3]. Internal Decision-Making Process - The guarantee was approved by the company's board meeting on April 25, 2025, and subsequently by the annual shareholders' meeting on May 20, 2025 [2]. Guarantee Agreement Main Content - The guarantee agreement with CITIC Bank includes a joint liability guarantee covering all debts, interest, penalties, and related costs for a period of three years from the debt performance deadline [5]. Guarantee Progress in July 2025 - No new guarantees were provided for customers or cooperative farmers in July 2025, with a total guarantee balance of RMB 367,200 for one customer [6][7]. - The company provided a guarantee of RMB 220 million for raw material procurement, with no new guarantees issued in July [6]. - The total guarantee balance for product performance guarantees remains at zero [7]. Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary for the daily operations of subsidiaries, aligning with the company's overall interests and development strategy. The company maintains control over the guaranteed entities, which have strong creditworthiness and debt repayment capabilities [8][9]. Board of Directors' Opinion - The board believes that the guarantees are essential for the operational needs of the subsidiaries, enhancing their funding efficiency and supporting stable business development. The guarantees are in compliance with relevant regulations and do not harm the interests of the company or its investors [9]. Cumulative External Guarantee Amount and Overdue Guarantees - As of July 31, 2025, the total external guarantee balance is RMB 684.3626 million, representing 14.16% of the company's latest audited net assets. The overdue amount is RMB 36,720, which is secured by counter-guarantees, indicating manageable risk [10].
云南神农农业产业集团股份有限公司2025年7月对外担保情况的公告