002548SZSE
🚨 Material Event

Announcement on the Progress of Guarantees Provided by the Company and its Holding Subsidiaries

Jinxinnong Co., Ltd.··4 pages

✨ AI Summary

Shenzhen Jinxinong Technology Co., Ltd. has disclosed recent guarantee activities for its subsidiaries. As of the announcement date, the total balance of external guarantees is 1,421.18 million RMB, representing 115.79% of the company's latest audited net assets. The company also reported 47.61 million RMB in compensatory payments due to overdue debts of guaranteed parties. These guarantees were approved during the 2025 extraordinary general meeting to support subsidiary operations and financing.

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Full Translation

AI Translation· gemini_document

Stock Code: 002548 Stock Abbreviation: Jinxinong Announcement No.: 2026-028

Shenzhen Jinxinong Technology Co., Ltd. Announcement on the Progress of Guarantees Provided by the Company and its Holding Subsidiaries

Special Reminder: As of now, the total balance of actual external guarantees provided by the Company and its subsidiaries is 1,421.18 million RMB, accounting for 115.79% of the Company's latest audited net assets (as of December 31, 2025, the net assets attributable to shareholders of the listed company were 1,227.4053 million RMB). Among these, the balance of guarantees provided by the Company for its subsidiaries is 1,421.18 million RMB, and the balance of guarantees provided by the Company and its subsidiaries for entities outside the consolidated financial statements is 0 RMB.

1. Overview of Guarantee Deliberations

Shenzhen Jinxinong Technology Co., Ltd. (hereinafter referred to as the "Company") convened the 18th extraordinary meeting of the 6th Board of Directors on December 12, 2025, and the 4th extraordinary general meeting of 2025 on December 29, 2025, to deliberate and approve the "Proposal on the Estimated Guarantee Quota for the Company and its Subsidiaries in 2026." For 2026, the total guarantee quota for the Company or its subsidiaries to provide financing guarantees for cooperative farmers is no more than 100 million RMB. The total guarantee quota for the Company's wholly-owned or controlled subsidiaries to apply for credit, loans, factoring, financial leasing, procurement, or other daily operational performance obligations from business-related parties (including but not limited to suppliers, banks, financial leasing companies, and other financial institutions) is no more than 2,900 million RMB. For 2026, the total guarantee quota for the Company's subsidiaries to provide guarantees for the Company's applications for credit, loans, factoring, financial leasing, procurement, or other daily operational performance obligations from business-related parties is no more than 5,000 million RMB.

2. Guarantee Progress

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