YASHENG GROUP(SH:600108) Shang Hai Zheng Quan Bao·2025-11-28 20:29Core Viewpoint - Gansu Yasheng Industrial (Group) Co., Ltd. has provided guarantees for its wholly-owned subsidiaries to support their financing needs, with a total guarantee amount of up to RMB 140 million approved by the board and shareholders [3][15][16]. Group 1: Guarantee Details - The company has signed a guarantee contract with Lanzhou Bank for Gansu Yasheng Potato Industry Group's subsidiary, Gansu Tianrun Potato Industry Co., Ltd., providing a joint liability guarantee of RMB 10 million [1]. - A similar guarantee of RMB 10 million has been provided for Gansu Dayou Agricultural Technology Co., Ltd., another subsidiary of Gansu Yasheng Potato Industry [2]. - A guarantee of RMB 2.58 million has been established for Shandan County Yuxing Powder Industry Co., Ltd. through Gansu Shandan Rural Commercial Bank [1][2]. Group 2: Additional Guarantees - The company has provided a guarantee of RMB 40 million to Gansu Xingnong Chili Industry Development Co., Ltd. through Bank of Communications and an additional RMB 20 million through the Agricultural Development Bank of China [2]. - A guarantee of RMB 17 million has been signed with China Merchants Bank for Gansu Yasheng Pastoral Song Grass Industry Group [2]. Group 3: Internal Decision Process - The board meetings held on August 26 and September 17, 2025, approved the proposal for providing guarantees, allowing a total guarantee amount not exceeding RMB 140 million for the subsidiaries [3][15]. - The decision was made within the authorized scope of the board and shareholders, ensuring that the subsidiaries are financially stable and the risks are manageable [15][16]. Group 4: Cumulative Guarantee Situation - As of the announcement date, the total external guarantees provided by the company amount to RMB 790.34 million, all of which are for wholly-owned subsidiaries, representing 18.45% of the company's latest audited net assets [17]. - There are no overdue guarantees or guarantees provided to controlling shareholders or related parties [17].