000902SZSE

Announcement on the Progress of External Guarantee Matters

✨ AI Summary

This announcement details the progress of external guarantees provided by Xinyangfeng Agricultural Technology Co., Ltd. The company approved a guarantee limit of up to 272 million yuan for its subsidiary, Yichang Xinyangfeng Phosphate Technology Co., Ltd. Recently, the subsidiary signed loan agreements totaling 340 million yuan with several banks, with guarantees provided by the company and its shareholders. As of the announcement date, there are no overdue guarantees.

Summary generated by AI · Always verify with source document

Full Translation

AI Translation· azure_openai

Xinyangfeng Agricultural Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without any false records, misleading statements, or significant omissions.

I. Overview of Guarantees

On March 6, 2026, the Company held the 17th meeting of the 9th Board of Directors and on March 23, 2026, held the first extraordinary general meeting of shareholders in 2026, where the proposal regarding the estimated guarantee limit for subsidiaries within the consolidated financial statements for 2026 was approved. The Company agreed to provide a guarantee limit of no more than 272 million yuan for its controlling subsidiary, Yichang Xinyangfeng Phosphate Technology Co., Ltd. (hereinafter referred to as "Yichang Xinyangfeng Phosphate"), effective for twelve months from the date of approval at the first extraordinary general meeting of shareholders in 2026.

Sign in to read the full translation

Free accounts get 10 full releases per month. Pro subscribers get unlimited access.