Guangxi Rural Investment Sugar Industry Group Co., Ltd. Announcement on Progress of Guarantees for Subsidiaries
The company and all members of the board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and have no false records, misleading statements, or major omissions.
Special Risk Warning: As of the date of this announcement, the total external guarantees of Guangxi Rural Investment Sugar Industry Group Co., Ltd. (hereinafter referred to as the Company) and its subsidiaries have exceeded 100% of the audited net assets attributable to the parent company as of December 31, 2025. Investors are kindly reminded to pay attention to guarantee risks.
I. Overview of Guarantee Situation
The Company held the Eighth Board of Directors' Fifth Extraordinary Meeting in 2025 on December 5, 2025, and the Company's Fifth Extraordinary Shareholders' Meeting in 2025 on December 22, 2025. The "Proposal on the Estimated Guarantee Quota for Subsidiaries in 2026" was deliberated and approved. It was agreed that the total guarantee quota for the Company's subsidiaries in 2026 shall not exceed RMB 3,480.916 million. The main debt start date for the guarantees is valid for 12 months from December 16, 2025. The scope of guarantees includes, but is not limited to, applications for comprehensive credit lines, loans, acceptance bills, or other daily operating activities. The actual guarantee amount and guarantee period shall be subject to the finally signed guarantee contract. Guarantee types include joint liability, mortgage, pledge, etc.; guarantee methods include direct guarantee or counter-guarantee. The guarantee quota is approved annually. Guarantees for matters that occur 12 months after the proposal is approved by the shareholders' meeting shall be re-examined by the Company's board of directors and shareholders' meeting.
For details, please refer to the "Announcement on the Estimated Guarantee Quota for Subsidiaries in 2026" disclosed by the Company on December 6, 2025, in the Securities Times, China Securities Journal, Shanghai Securities News, and Juchao Information Network (Announcement No.: 2025-100).
II. Progress of Guarantees
Recently, the Company has signed guarantee contracts for its subsidiaries' bank loans as follows:
(I) The Company signed a "Maximum Amount Guarantee Contract" (Contract No.: 021009202427642-01) with the Nanning Renmin Road Sub-branch of Guilin Bank Co., Ltd. to provide a guarantee for a loan of RMB 15 million applied for by the Company's wholly-owned subsidiary, Nanning Sugar Industry Binyang Daqiao Sugar Co., Ltd. (hereinafter referred to as Daqiao Sugar Company), from the Nanning Renmin Road Sub-branch of Guilin Bank Co., Ltd. The Company undertakes joint liability for the debt, with a guarantee amount of RMB 15 million.
(II) The Company signed a "Maximum Amount Guarantee Contract" (Contract No.: 788826ZB000008) with the Nanning Branch of China Everbright Bank Co., Ltd. to provide a guarantee for a loan of RMB 657.56 million applied for by the Company's wholly-owned subsidiary, Nanning Yunou Logistics Co., Ltd. (hereinafter referred to as Yunou Logistics Company), from the Nanning Branch of China Everbright Bank Co., Ltd. The Company undertakes joint liability for the debt, with a guarantee amount of RMB 657.56 million.
(III) The Company signed a "Maximum Amount Guarantee Contract" (Contract No.: 021009202504583-01) with the Nanning Renmin Road Sub-branch of Guilin Bank Co., Ltd. to provide a guarantee for a loan of RMB 10 million applied for by the Company's wholly-owned subsidiary, Guangxi Nanning Sugar Modern Agricultural Development Co., Ltd. (hereinafter referred to as Sugar Cane Company), from the Nanning Renmin Road Sub-branch of Guilin Bank Co., Ltd. The Company undertakes joint liability for the debt, with a guarantee amount of RMB 10 million.
III. Basic Information of the Guaranteed Party