Shennong Group(SH:605296) Shang Hai Zheng Quan Bao·2026-01-15 18:17Core Viewpoint - The announcement details the external guarantee situation of Yunnan Shennong Agricultural Industry Group Co., Ltd. as of December 2025, highlighting the total guarantee amounts provided for subsidiaries and the rationale behind these guarantees [1][12]. Guarantee Objects and Basic Situation - The company provided guarantees for two subsidiaries' financing with a new guarantee amount of 98.97 million yuan, totaling 293.12 million yuan as of December 31, 2025 [1]. - The company also provided guarantees for six subsidiaries' raw material procurement with a new guarantee amount of 40 million yuan, totaling 325.50 million yuan as of December 31, 2025 [1]. Cumulative Guarantee Situation - From December 1 to December 22, 2025, the company signed guarantee contracts with Fudian Bank for a total guarantee of 11.30 million yuan for its subsidiary [2]. - On December 2, 2025, the company signed a guarantee letter with Xiamen Guomao Group for a total of 20 million yuan for several subsidiaries [2]. - The company adjusted a previous guarantee agreement with Xiamen Jianfa Property Co., increasing the guarantee amount from 30 million yuan to 50 million yuan [2][9]. Guarantee Progress in December 2025 - No new guarantees were provided for customers or cooperative farmers in December, with a total guarantee balance of 307,200 yuan for one customer [10]. - The company provided a new guarantee of 40 million yuan for raw material procurement in December, with a total balance of 325.50 million yuan [10]. - No new guarantees were provided for product performance guarantees in December, with a total balance of 0 yuan [11]. Necessity and Reasonableness of Guarantees - The guarantees provided are necessary for the daily operations of subsidiaries and align with the company's overall interests and development strategy [12]. - The company has control over the guaranteed entities, which have good credit status and strong repayment capabilities, making the risks manageable [12]. Board of Directors' Opinion - The board believes that the guarantees are based on the actual needs of the subsidiaries, which have strong repayment capabilities, and are beneficial for improving the efficiency of fund usage [13]. - The guarantees help alleviate financial pressure on customers and cooperative farmers, thus facilitating business operations [13]. Cumulative External Guarantee Amount and Overdue Guarantees - As of December 31, 2025, the total external guarantee balance was 908.45 million yuan, accounting for 18.80% of the company's latest audited net assets [14]. - The overdue amount within the external guarantees was 307,200 yuan, which is manageable due to established counter-guarantee measures [14].