四川升达林业产业股份有限公司 关于签署《债务展期协议》暨关联交易的公告

Debt Extension Overview - Sichuan Shengda Forestry Industry Co., Ltd. has signed a Debt Extension Agreement with Huabao Trust Co., Ltd. to extend the repayment period of its debts until December 31, 2030, due to the approaching repayment deadline and significant debt scale [1][5][7]. - The outstanding principal amount owed by the company and Yulin Jinyuan Natural Gas Co., Ltd. to Huabao Trust is approximately RMB 143.69 million as of November 30, 2025 [5]. Related Party Transaction - The debt extension constitutes a related party transaction as Huabao Trust is the largest shareholder of the company, holding 21,311,552.5 shares [4][2]. - The agreement has been approved by the company's board of directors and requires further approval from the shareholders' meeting [2][9]. Agreement Details - The debt will accrue interest at an annual rate of 8% starting from January 1, 2026, with interest payable annually by December 31 [5][6]. - The existing collateral for the debt will remain unchanged, and the company must cooperate with Huabao Trust for any necessary changes to the collateral registration [6]. Impact on the Company - If the debt extension and related transaction are successfully implemented, it will alleviate the company's financial pressure without harming the interests of the company and its shareholders [7][9]. - The independent directors and the audit committee have reviewed the agreement and concluded that it is beneficial for debt management and does not harm the interests of minority shareholders [9][10].