Group 1 - Shenzhen SEG Co., Ltd. announced that its controlling subsidiary, SEG Real Estate, which holds 79.02% of the shares, provided a joint liability guarantee for a loan of 150 million yuan to Huizhou Qunxing, in which it holds 88% [1] - Due to financial difficulties, Huizhou Qunxing failed to repay on time, leading SEG Real Estate to compensate multiple times [1] - As of September 22, 2025, Beijing Bank deducted 848,514.16 yuan from SEG Real Estate's account to pay the interest on Huizhou Qunxing's loan, with total compensation amounting to 8,051,445.01 yuan to date [1] Group 2 - SEG Co. will urge Huizhou Qunxing to raise funds for repayment and reserves the right to take legal action [1] - The company reminds investors to pay attention to the associated risks [1]

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Core Viewpoint - Fujian Aonong Biological Technology Group Co., Ltd. announced that its wholly-owned subsidiary, Ji'an Aonong Biological Technology Co., Ltd., has compensated for debts on behalf of Yongxin Aoshun Ecological Agriculture Technology Co., Ltd. due to its inability to repay, with an initial payment of 10 million yuan and potential further compensation not exceeding 25 million yuan [2][7]. Summary by Sections 1. Guarantee Overview - Ji'an Aonong and Ji'an Aoyuan Agricultural Technology Co., Ltd. provided joint liability guarantees for Yongxin Aoshun's debts totaling 23.5 million yuan related to a pig purchase and sales contract with Ganzhou Wanfeng Food Co., Ltd. [3] - The company has disclosed these guarantees previously and is undergoing a restructuring process, which has led to the separation of Yongxin Aoshun from the consolidated financial statements [3]. 2. Basic Information of the Guaranteed Party - Yongxin Aoshun is a limited liability company established on February 5, 2021, with a registered capital of 30 million yuan, and is fully owned by Xiamen Aonong Modern Agricultural Technology Co., Ltd. [4]. 3. Latest Developments on the Guarantee - Due to Yongxin Aoshun's failure to meet repayment obligations, Ganzhou Wanfeng filed for arbitration, claiming a total debt of approximately 29.09 million yuan, with Ji'an Aonong and Ji'an Aoyuan responsible for 23.5 million yuan of this amount [6]. - A mediation agreement was reached on July 23, 2025, confirming the claims of Ganzhou Wanfeng [6]. 4. Impact of Guarantee on the Company - The company has already accrued a provision for expected losses amounting to 31.19 million yuan as of the end of 2024, which covers the compensation payments made [7]. - The company plans to pursue recovery from Yongxin Aoshun to protect its interests and those of its investors [7]. 5. Total External Guarantees and Overdue Guarantees - As of June 30, 2025, the total external guarantees provided by the company and its subsidiaries amounted to approximately 1 billion yuan, representing 38.99% of the latest audited net assets [8]. - The overdue guarantees amount to approximately 552 million yuan, with a significant portion related to guarantees provided for subsidiaries that have been transferred to a trust platform [8].

Overview - Shenzhen Saige Co., Ltd. has provided a guarantee for its subsidiary Huizhou Qunxing Real Estate Development Co., Ltd. to secure a loan of RMB 150 million from Beijing Bank [1][2] - Huizhou Qunxing has faced financial difficulties, leading to a failure to repay the loan, resulting in Saige Co. fulfilling its guarantee obligations [2] Guarantee Situation - Saige Co. holds a 79.02% stake in Saige Real Estate, which in turn holds an 88% stake in Huizhou Qunxing [1] - The guarantee provided by Saige Real Estate covers the loan amount of RMB 150 million, with a guarantee period of two years after the loan's maturity [1] Financial Impact - As of now, Saige Real Estate has compensated a total of RMB 7,202,930.85, which includes principal repayment of RMB 4,999,951.66 and interest of RMB 2,202,979.19 [2] - Huizhou Qunxing's financial situation is concerning, with total assets of RMB 415.76 million and total liabilities of RMB 589.41 million, resulting in a negative net asset of RMB -173.66 million [3] Future Actions - Saige Co. plans to encourage Huizhou Qunxing to improve its financial situation through property sales, rental operations, and expanding financing channels to repay the owed amounts [4] - The company retains the right to take legal action to protect its interests and those of its shareholders [4]

Summary of Key Points Core Viewpoint - The company has fulfilled its guarantee obligations for its wholly-owned subsidiary, Bohai International, which is facing bankruptcy and is unable to repay its bank loans [1][2][3]. Group 1: Guarantee Situation Overview - The company approved a guarantee for Bohai International's loan of €30 million from the French Foreign Trade Bank's Hong Kong branch, with €15 million for internal guarantee and €15 million for external guarantee [1]. - The company also approved a guarantee for an additional loan of €20 million from Mizuho Bank's Hong Kong branch [2]. - Due to Bohai International's bankruptcy application and lack of repayment ability, the company has received repayment notices from both banks and has fulfilled its guarantee obligations by paying €15,212,168.92 (approximately RMB 125.84 million) to the French Foreign Trade Bank [3]. Group 2: Current Status of Bohai International - Bohai International, established for acquiring BTAH shares, has not conducted other business activities and has a registered capital of €60.1 million [4]. - As of December 31, 2024, Bohai International reported total assets of RMB 592.33 million and total liabilities of RMB 713.98 million, with a net profit of -RMB 1.21 billion [4]. Group 3: Impact of Guarantee Fulfillment - The fulfillment of the guarantee obligation has resulted in the company forming a receivable from Bohai International, which may occupy cash flow but will not affect the normal operations of the company and its subsidiaries [4]. - The company has accounted for the guarantee-related liabilities in its financial statements for the fiscal year 2024, with the impact on financial indicators subject to the auditor's results [4].