Securities Code: 000632
Securities Abbreviation: ST Sanwood
Announcement No.: 2026-80
Fujian Sanwood Group Co., Ltd.
Announcement on Progress of Guarantees for 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 major omissions.
Special Risk Warning
As of now, the total external guarantee amount of the Company and its holding subsidiaries has exceeded 100% of the Company's net assets as of the most recent audited period. The guarantee amount for entities with an asset-liability ratio exceeding 70% has exceeded 50% of the Company's net assets as of the most recent audited period. Investors are advised to pay close attention to guarantee risks.
I. Overview of Guarantee Situation
Fujian Sanwood Group Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Announcement on Providing Guarantees for Subsidiaries" (Announcement No.: 2025-13) on March 12, 2025, and the "Announcement on Providing Guarantees for Subsidiaries" (Announcement No.: 2026-56) on May 29, 2026. The following guarantee matters are involved:
(I) The Company's wholly-owned subsidiary, Fujian Sanwood Construction and Development Co., Ltd., applied for a credit line of RMB 10 million from the Fuzhou Branch of China Bank, for which the Company provided a joint and several liability guarantee. The credit period is 1 year.
(II) The Company's wholly-owned subsidiary, Fuzhou Changxingmao Trading Co., Ltd., applied for a credit line of RMB 10 million from the Fuzhou Branch of China Bank, for which the Company prov