Fujian Sanmu Group Co., Ltd.
Announcement on Partial Debt Defaults and Guarantee Progress of the Company and its Subsidiaries
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Fujian Sanmu Group Co., Ltd. (hereinafter referred to as the "Company" or "Sanmu Group"), Fujian Sanmu Construction and Development Co., Ltd. (hereinafter referred to as "Sanmu Construction"), and Fujian Wuyi Mountain Sanmu Industrial Co., Ltd. (hereinafter referred to as "Wuyi Mountain Sanmu Industrial") have recently experienced partial debt defaults. In accordance with the relevant provisions of the "Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange," the overdue payment period for these partial debt defaults has not yet reached 15 trading days. The specific situation is announced as follows:
I. Basic Situation of Current Debt Defaults
(I) Bohai Bank Debt Default Situation
On September 30, 2025, the Company disclosed the "Announcement on Providing Guarantees for Subsidiaries" (Announcement No.: 2025-93), which involved the following guarantee matter: The Company applied for a credit line not exceeding RMB 19 million from the Fuzhou Branch of Bohai Bank Co., Ltd. The credit period is 1 year, and the guarantee is provided by the Company's wholly-owned subsidiaries, Fuzhou Changle District Sanmu Real Estate Co., Ltd. (hereinafter referred to as "Changle Sanmu Real Estate"), Fujian Qinyuan Chun Real Estate Development Co., Ltd. (hereinafter referred to as "Fujian Qinyuan Chun"), and the Company's holding subsidiary, Fuzhou Light Industry Import and Export Co., Ltd. (hereinafter referred to as "Fuzhou Light Industry"), as joint and several guarantors.
Recently, the Company and its wholly-owned subsidiaries Changle Sanmu Real Estate and Fujian Qinyuan Chun received "Credit Overdue Collection Notice" and "Credit Overdue Notice" from the Fuzhou Branch of Bohai Bank Co., Ltd. According to the relevant provisions of the "Working Capital Loan Contract" signed by the Company and Bohai Bank Co., Ltd. Fuzhou Branch, the credit amount is RMB 19 million, with a term from September 30, 2025, to September 29, 2026. As of June 23, 2026, this credit has been overdue for 2 days, with a total principal and interest arrears of RMB 126,666.67, including RMB 0 in principal arrears, RMB 126,666.67 in interest arrears, and RMB 0 in penalty interest arrears and management fee arrears. The Company is required to immediately repay all the disbursed credit principal, interest, and other payable amounts, and the guarantors are required to immediately assume their guarantee liabilities.
(II) Everbright Bank Debt Default Situation