000078SZSE
🚨 Material Event

Announcement on the Continuation of Guarantees Constituting External Guarantees

ST Ocean King Co., Ltd.··11 pages

✨ AI Summary

Shenzhen Haiwang Bioengineering Co., Ltd. announces that due to credit approval reasons, guarantees for its former subsidiaries (now divested) will continue. The company has secured counter-guarantees to mitigate risks. The total outstanding guarantee balance is approximately RMB 3.626 billion, representing 166.58% of net assets as of 2025.

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Full Translation

AI Translation· gemini_document

Securities Code: 000078

Securities Abbreviation: ST Haiwang

Announcement Number: 2026-061

Shenzhen Haiwang Bioengineering Co., Ltd.

Announcement on the Continuation of Guarantees Constituting External Guarantees

The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.

Definitions:

Company, This Company, Haiwang Bio: Shenzhen Haiwang Bioengineering Co., Ltd.

Henan Haiwang Group: Henan Haiwang Pharmaceutical Group Co., Ltd. (a wholly-owned subsidiary of the Company)

Henan Zuojinming: Henan Zuojinming Pharmaceutical Co., Ltd.

Enji Pharmaceutical: Henan Enji Pharmaceutical Co., Ltd.

Kashgar Haiwang: Kashgar Haiwang Yinhe Pharmaceutical Co., Ltd.

Xinjiang Haiwang Hongkang: Xinjiang Haiwang Hongkang Pharmaceutical Technology Co., Ltd.

I. Overview of Guarantee Situation

(I) Guarantee for Henan Zuojinming Pharmaceutical Co., Ltd.

Due to changes in market conditions, after friendly negotiation between the Company and all parties, the Company's wholly-owned subsidiary Henan Haiwang Group signed an "Equity Transfer Agreement" with Henan Jin Kang Medical Device Co., Ltd., whereby Henan Jin Kang Medical Device Co., Ltd. acquired 72% of the equity of Henan Zuojinming held by Henan Haiwang Group. After the equity transfer is completed, Henan Haiwang Group no longer holds equity in Henan Zuojinming, and Henan Zuojinming is no longer a subsidiary within the scope of the Company's consolidated statements.

(II) Guarantee for Henan Enji Pharmaceutical Co., Ltd.

Due to changes in market conditions, after friendly negotiation between the Company and all parties, the Company's wholly-owned subsidiary Henan Haiwang Group signed an "Equity Transfer Agreement" with Henan Enji Logistics Center (Limited Partnership), whereby Henan Enji Logistics Center (Limited Partnership) acquired 64% of the equity of Enji Pharmaceutical held by Henan Haiwang Group. After the equity transfer is completed, Henan Haiwang Group no longer holds equity in Enji Pharmaceutical, and Enji Pharmaceutical is no longer a subsidiary within the scope of the Company's consolidated statements.

(III) Guarantee for Kashgar Haiwang Yinhe Pharmaceutical Co., Ltd.

Due to changes in market conditions, after friendly negotiation between the Company and all parties, the Company's holding subsidiary Henan Haiwang Group signed an "Equity Transfer Agreement" with Kashgar Ruichuang Medical Services Co., Ltd., whereby Kashgar Ruichuang Medical Services Co., Ltd. acquired 70% of the equity of Kashgar Haiwang held by Henan Haiwang Group. After the equity transfer is completed, Henan Haiwang Group no longer holds equity in Kashgar Haiwang, and Kashgar Haiwang is no longer a subsidiary within the scope of the Company's consolidated statements.

(IV) Guarantee for Xinjiang Haiwang Hongkang Pharmaceutical Technology Co., Ltd.

Due to changes in market conditions, after friendly negotiation between the Company and all parties, the Company's holding subsidiary Henan Haiwang Group signed an "Equity Transfer Agreement" with Kashgar Ruichuang Medical Services Co., Ltd., whereby Kashgar Ruichuang Medical Services Co., Ltd. acquired 70% of the equity of Kashgar Haiwang held by Henan Haiwang Group. As Xinjiang Haiwang Hongkang is a wholly-owned subsidiary of Kashgar Haiwang, after the equity transfer is completed, the Company no longer holds equity in Xinjiang Haiwang Hongkang, and Xinjiang Haiwang Hongkang is no longer a subsidiary within the scope of the Company's consolidated statements.

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