Core Viewpoint - The company has provided guarantees for its subsidiaries to support their operational needs, with a total guarantee amounting to 2.37 billion yuan, approved by the board and shareholders [7][15]. Summary by Sections Guarantee Overview - The company has signed guarantee contracts with Agricultural Bank of China for its subsidiaries, including a maximum guarantee of 100 million yuan for Lvyuan Sugar Industry and 90 million yuan for Guannong Tomato [3][4]. - The actual loan usage by Lvyuan Sugar Industry is 5 million yuan, and for Guannong Tomato, it is 15 million yuan, with the company providing full guarantees for these amounts [4][6]. Internal Decision-Making Process - The board of directors and shareholders approved the guarantee proposal on July 28, 2025, and August 13, 2025, allowing the company to provide guarantees up to 2.37 billion yuan within 12 months [7][8]. Basic Information of Guaranteed Parties - Lvyuan Sugar Industry has a guarantee amount of 100 million yuan, covering all related debts including principal, interest, penalties, and legal fees [10][11]. - Guannong Tomato has a guarantee amount of 90 million yuan, with similar coverage as Lvyuan Sugar Industry [14]. Necessity and Reasonableness of Guarantees - The guarantees are within the approved limits and are intended to support the subsidiaries' development and operational needs, which is beneficial for the company's overall business objectives [15][16]. Total External Guarantees and Overdue Guarantees - As of the announcement date, the total external guarantees approved by the shareholders amount to 3.74 billion yuan, which is 104.27% of the company's audited net assets as of the end of 2024 [16]. - The company has no overdue guarantees and has not provided guarantees to controlling shareholders or related parties [16].

Core Insights - Xinjiang is one of the world's three major processing tomato core areas, with its tomato sauce export accounting for 70% of the national total [1] - The region has increased technological investment to meet changing market demands, enhancing product quality and market competitiveness [1] Group 1: Harvesting and Processing - September marks the peak harvesting season for tomatoes, with nearly 80,000 acres of tomato fields in Yarkand County, Xinjiang, showcasing a bountiful harvest [3] - Advanced harvesting machines and color selection devices are utilized to efficiently sort ripe tomatoes from unripe ones during the harvesting process [6][8] - The introduction of new equipment has allowed farmers to expand their operations significantly, with one farmer managing 500 acres, compared to the previous 20-30 acres [12] Group 2: Product Quality and Innovation - The processing of tomatoes involves multiple stages of sorting to ensure only ripe tomatoes are used for producing sauces and juices [14] - Research has identified that unripe tomatoes contain higher antioxidant properties, making them valuable for skincare and health products [16] - Over 70 years of innovation has transformed Xinjiang's tomato industry from manual farming to a modern agricultural industry chain encompassing breeding, management, and processing [19] Group 3: Industry Growth and Market Reach - In 2024, the area dedicated to processing tomatoes in Xinjiang exceeded 1.2 million acres, with the entire processing chain fully mechanized [23] - More than 200 processing companies produce a variety of tomato-based products, with markets extending to over 70 countries and regions, including Central Asia, Southeast Asia, the Middle East, Africa, and Europe and America [23]

Core Viewpoint - The global tomato processing industry is experiencing growth, particularly driven by increased production in China, but faces challenges such as high market inventory and potential declines in future production due to reduced planting enthusiasm among farmers [1][5][14]. Group 1: Industry Overview - The tomato processing industry is a crucial segment of the tomato supply chain, encompassing breeding, planting, initial processing, deep processing, and end-use by restaurants and food manufacturers [2][4]. - Global processed tomato production remained stable between 34 million to 40 million tons from 2018 to 2022, with a rise to 44.38 million tons in 2023 and an expected increase to 45.84 million tons in 2024, primarily due to significant production growth in China [5][6]. Group 2: Production Insights - China is the largest producer of processed tomatoes, with production increasing from 3.8 million tons in 2018 to 10.45 million tons in 2024, contributing 22.8% to global output [1][14]. - The main production areas in China are Xinjiang, Inner Mongolia, and Gansu, with Xinjiang alone accounting for 82.5% of the national production in 2024 [16][18]. Group 3: Consumption Trends - The global trend towards healthy eating and advancements in food technology are creating unprecedented opportunities for the tomato processing industry, with sales of tomato products expected to exceed 44 million tons in 2024, marking a 2.3% increase [8]. - Tomato sauce remains a leading product, with sales projected to reach 4.178 million tons in 2024, reflecting a 3.0% year-on-year growth [10][12]. Group 4: Export Dynamics - Approximately 80% of China's processed tomato production is directed towards exports, making the industry sensitive to exchange rate fluctuations and global trade policies [20]. - In 2024, external factors led to a slowdown in export activities, with significant declines in orders from overseas clients [20].

Meeting Information - The company will hold its fourth extraordinary general meeting of shareholders on September 9, 2025, at 11:00 AM [1] - The meeting will be conducted both in-person and via online voting, with specific time slots for voting through the Shenzhen Stock Exchange trading system and internet voting system [1][12] - The location of the meeting is at the Zhongji Health Tomato Technology Industrial Park, Wutong East Street, Wujiaqu City, Xinjiang [3] Voting Rules - Shareholders can choose either in-person or online voting, and if duplicate votes are cast, the first vote will be considered valid [2] - The record date for shareholders eligible to attend the meeting is September 4, 2025 [2] - Attendees include all ordinary shareholders registered by the record date, company directors, supervisors, and some senior management personnel [2] Registration Details - Registration for the meeting will take place on September 8, 2025, from 10:00 AM to 2:00 PM and 4:00 PM to 7:30 PM [8] - Registration can be done at the Zhongji Health Tomato Technology Industrial Park Securities Management Department [9] - Required documents for registration include identification and proof of shareholding [7] Agenda and Proposals - The agenda items for the meeting have been deemed legally compliant and complete [4] - The proposals to be discussed have been approved by the company's 10th Board of Directors during its 15th temporary meeting [6] Contact Information - For inquiries, the company can be contacted via phone or fax, with specific contact persons listed [11]

Meeting Overview - The company is convening its fourth extraordinary general meeting of shareholders in 2025 on September 9, 2025, at 11:00 AM [1] - The meeting will be held both in-person and via online voting, with online voting available from 9:15 AM to 3:00 PM on the same day [1][2] - The record date for shareholders to attend the meeting is September 4, 2025 [2] Attendance and Voting - All registered ordinary shareholders and preferred shareholders with restored voting rights are entitled to attend the meeting and may appoint a proxy to vote on their behalf [2] - The meeting will take place at the company's tomato technology industrial park in Wujiaqu City, Xinjiang [1][2] Agenda Items - The meeting will review several proposals, including the extension of loan guarantees and related party guarantees, which have already been approved by the company's board of directors [3] Registration and Participation - Shareholders must register for the meeting by providing necessary documents, including a copy of their ID and proof of shareholding, on September 8, 2025 [3] - The meeting is expected to last half a day, and attending shareholders will bear their own expenses [3] Voting Procedures - Shareholders can vote either in person or online, but must choose one method only; if multiple votes are cast, only the first will be counted [2][7] - Detailed instructions for online voting are provided, and the voting will conclude at 3:00 PM on the day of the meeting [4][7]

Group 1 - The company plans to optimize its asset structure by disposing of certain fixed assets through public listing on the Xinjiang Property Exchange, including land use rights and buildings from a subsidiary that has been inactive since 2016 [1][5] - The total original value of the fixed assets to be disposed of is 21.4553 million yuan, with a net book value of 2.9291 million yuan, and an assessed value of 7.1084 million yuan [1][5] - The company aims to reduce management costs and risks associated with the long-term inactive factory, which has no synergy with its main production areas [5][6] Group 2 - The assessment of the assets was conducted by Zhongshenghua Asset Appraisal Co., Ltd., using the cost method, with a market value assessment date set for February 28, 2025 [2][4] - The assessed value of the individual assets includes a total of 71 items with an original value of 3.9134 million yuan and a net book value of 1.4542 million yuan, resulting in an assessed value of 3.9834 million yuan, reflecting an increase of 2.5292 million yuan and a growth rate of 173.91% [2][3] - The company has initiated a gas boiler replacement project in response to local environmental policies, which is a necessary condition for the transfer of the coal-fired boilers [6]

Core Points - The article discusses the measures taken by the Urumqi Market Supervision Administration to ensure accurate measurement during the tomato purchasing season, emphasizing the importance of reliable measuring instruments for local agricultural development [1][2] - The successful tomato harvest is attributed to favorable weather, effective policies, and comprehensive support from companies in seed, seedling, transplanting, field management, and harvesting [1] - The administration has conducted mandatory inspections of measuring instruments at various tomato purchasing points, achieving a 100% pass rate for the 28 inspected devices [2] Group 1 - The Urumqi Market Supervision Administration has strengthened its efforts to ensure the accuracy of measuring instruments used in tomato purchases, reflecting a proactive approach to support local industries [1][2] - The administration's initiative includes free on-site services for measurement verification, enhancing convenience for businesses and farmers [1][2] - The inspection process involves rigorous testing of electronic scales and balances, ensuring that any discrepancies could lead to significant losses for both farmers and purchasing companies [2] Group 2 - The local tomato processing company, Xinjiang Tianshan Woyuan Tomato Products Co., has been operating for 16 years and has successfully passed the inspection of multiple measuring devices, which is crucial for fair transactions [2] - The administration plans to continue its oversight of tomato purchasing measurements, employing various regulatory methods to protect farmers' rights [2]