Securities Code: 000632
Securities Abbreviation: ST Sanwood
Announcement No.: 2026-88
Fujian Sanwood Group Co., Ltd.
Announcement on Partial Debt Default and Progress of Guarantees
The Company and the Board of Directors guarantee the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Fujian Sanwood Group Co., Ltd. ("the Company") and its wholly-owned subsidiary Fujian Sanwood Construction and Development Co., Ltd. ("Sanwood Development"), and its holding subsidiary Fuzhou Light Industry Import and Export Co., Ltd. ("Fuzhou Light Industry") have recently experienced partial debt defaults. In accordance with the relevant provisions of the "Shenzhen Stock Exchange Stock Listing Rules," the overdue period for these partial debt defaults has not yet reached 15 trading days. The specific situation is hereby announced as follows:
I. Basic Situation of Current Debt Defaults
(I) Guangfa Bank Debt Default
On December 11, 2025, the Company disclosed the "Announcement on Providing Guarantees to Others" (Announcement No.: 2025-116), involving the following guarantee matter: The Company applied to the Fuzhou Branch of Guangfa Bank Co., Ltd. for a credit line of RMB 35 million, with a term of 1 year. The guarantee was secured by a mortgage on 59 residential units and 8 commercial properties located at No. 268 Zhuxi Road, Yanping District, Nanping City, held by Nanping Shimao New Era Real Estate Development Co., Ltd., a holding subsidiary of the Company.
Recently, the Company received a "Loan Interest Collection Notice" from the Fuzhou Branch of Guangfa Bank. According to the "Credit Line Agreement" (hereinafter referred to as the "Loan Agreement") signed by the Company and the Fuzhou Branch of Guangfa Bank on December 3, 2025, Guangfa Bank Fuzhou Branch issued a loan of RMB 35 million to the Company with a term of 12 months. According to the provisions of the Loan Agreement, the Company should pay interest to Guangfa Bank Fuzhou Branch on time (before the 21st of the first month of each quarter). As of the date of this notice, the Company has not paid the last period's interest. Guangfa Bank Fuzhou Branch hereby sends this letter to notify the Company to immediately pay the accumulated interest of RMB 310,014.03 to Guangfa Bank Fuzhou Branch.
(II) SPD Bank Debt Default