Fujian Sanmu Group Co., Ltd. (hereinafter referred to as "the Company") and its wholly-owned subsidiary Fujian Sanmu Construction Development Co., Ltd. (hereinafter referred to as "Sanmu Construction") have recently experienced overdue debts. According to the relevant provisions of the Shenzhen Stock Exchange Listing Rules, the overdue payment has reached 15 trading days, and the specific situation is announced as follows:
I. Basic Situation of the Overdue Debts
(1) Overdue Debt Situation with Xiamen Bank
- On October 23, 2024, the Company disclosed the announcement regarding the guarantee provided by its subsidiary (Announcement No. 2024-66), involving the following guarantee matters: The Company applied for a credit limit of RMB 132 million from Xiamen Bank Co., Ltd. Fuzhou Branch, with a joint liability guarantee provided by its wholly-owned subsidiary Fujian Sanmu Real Estate Group Co., Ltd. (hereinafter referred to as "Sanmu Real Estate"), and mortgaged part of the residential properties and basement parking spaces in the Mawei Sanmu Denglong Community. The guarantee period is 3 years. Recently, the Company and Sanmu Real Estate received overdue credit collection letters and notices regarding the performance of joint liability guarantees from Xiamen Bank Co., Ltd. Fuzhou Branch. According to the credit limit agreement (Contract No. DGSX2024102917) signed with Xiamen Bank Co., Ltd. Fuzhou Branch, the Company obtained a credit amount of RMB 20 million, which was overdue on May 20, 2026. As of the date of this collection letter, the unpaid principal and corresponding interest amount to RMB 402,758.52 and other related fees. The Company is requested to repay the above-mentioned principal and related interest as soon as possible.