Securities Code: 000632
Securities Abbreviation: ST Sanmu
Announcement No.: 2026-79
Fujian Sanmu Group Co., Ltd.
Announcement on Partial Debt Default and Progress of Guarantees
The Company and all members of its Board of Directors guarantee the content of this information disclosure 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") has recently experienced partial debt defaults. In accordance with the relevant regulations of the "Shenzhen Stock Exchange Stock Listing Rules," the payment of these partial debts has not yet reached 15 trading days. The specific situation is hereby announced as follows:
I. Basic Situation of Current Debt Defaults
(I) Ping An Bank Debt Default Situation
On July 10, 2025, the Company disclosed the "Announcement on Guarantee Provided by Subsidiary for Parent Company" (Announcement No.: 2025-69), which involved the following guarantee matters: The Company applied for a credit line not exceeding RMB 60 million from Ping An Bank Co., Ltd. Fuzhou Branch (hereinafter referred to as "Ping An Bank Fuzhou Branch"). The credit period is 1 year. The guarantee was provided by the Company's wholly-owned subsidiary, Wuyi Mountain Sanmu Self-driving Camp Co., Ltd. (hereinafter referred to as "Wuyi Mountain Self-driving Camp"), and the mortgage guarantee was provided by the Company's holding subsidiary, Qingdao Jiaodong New City Investment and Development Co., Ltd. (hereinafter referred to as "Qingdao Jiaodong New City") using its commercial real estate.