Wellhope(SH:603609) Xin Lang Cai Jing·2026-02-09 18:13Core Viewpoint - The announcement details the guarantee situation provided by He Feng Food Co., Ltd. for its subsidiaries, emphasizing the company's commitment to support its subsidiaries' financing and procurement needs while ensuring compliance with approved limits and internal decision-making processes [1][4][8]. Group 1: Guarantee Details - As of January 31, 2026, the total guarantee balance provided by the company and its subsidiaries amounts to RMB 252,128.01 million, which represents 37.66% of the company's audited net assets as of December 31, 2024 [10]. - The company has provided guarantees for its subsidiaries' financing, with specific amounts being RMB 2,000.00 million for Daqing Hefeng Animal Husbandry Co., Ltd. and RMB 1,000.00 million for Hainan Hefeng Animal Husbandry Co., Ltd. Additionally, a guarantee of RMB 62,534.78 million was provided for raw material procurement by Dalian Heyuan Animal Husbandry Co., Ltd. [3][10]. Group 2: Internal Decision-Making Process - The company held several board meetings and shareholder meetings in 2025 to approve the guarantee limits and the specific subsidiaries to be guaranteed, ensuring that all decisions were made in accordance with corporate governance practices [5][9]. - The approved guarantee limits include a total of RMB 560,000 million for various purposes, including financing and procurement, with specific allocations for different types of guarantees [6]. Group 3: Necessity and Reasonableness of Guarantees - The guarantees provided are deemed necessary and reasonable as they have been approved by the board and shareholders, and the company has a thorough understanding of the financial health and creditworthiness of the subsidiaries involved [8][9]. - The guarantees are intended to facilitate the operational needs and cash flow of the subsidiaries, aligning with the overall development strategy of the company [8].