Shandong Minhe Livestock Co., Ltd. (hereinafter referred to as "the Company" or "this Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
I. Basic Information on Guarantees
On March 27, 2025, Shandong Minhe Livestock Co., Ltd. held a Board meeting to review and approve the "Proposal on Guarantees within the Scope of Consolidated Financial Statements," which was submitted for approval at the Company's 2024 Annual General Meeting. Specifically, the Company provides guarantees for subsidiary financing with a guarantee limit of 1 billion yuan; simultaneously, subsidiaries provide guarantees for the Company's financing with a guarantee limit of 1 billion yuan; and subsidiaries provide mutual guarantees among themselves with a guarantee limit of 50 million yuan. This is to meet the funding needs of the Company's operations. The scope of guarantees includes but is not limited to applying for bank loans, bank acceptance bills, financing leases, letters of credit, and guarantees, with guarantee methods including but not limited to general guarantees, joint liability guarantees, mortgages, and pledges. The balance of guarantees provided to subsidiaries by the Company at any point before the 2025 Annual General Meeting will not exceed these limits. For specific details, please refer to the announcement titled "Announcement on Guarantees within the Scope of Consolidated Financial Statements" (Announcement No. 2025-012) disclosed by the Company on March 29, 2025, on the Giant Tide Information Network www.cninfo.com.cn, "China Securities Journal," "Shanghai Securities Journal," "Securities Times," and "Securities Daily."
II. Progress of Guarantees
Recently, the Company signed loan-related documents with banks regarding credit applications for the Company and its subsidiaries. The specific circumstances are as follows: