002749SZSE

Announcement on Subsidiary's Application for Comprehensive Credit Line from Financial Institutions and Company's Guarantee

✨ AI Summary

Sichuan Guoguang Agricultural Chemical Co., Ltd. approved a proposal for its subsidiaries to apply for a total credit line of up to RMB 100 million from Industrial Bank Chengdu Branch. The credit line will support daily operations and business development, with a two-year term. The company will provide joint liability guarantees for the subsidiaries, ensuring that the guarantees do not exceed specified asset thresholds.

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Full Translation

AI Translation· azure_openai

Securities Code: 002749
Securities Abbreviation: Guoguang Co., Ltd.
Announcement Number: 2026-027

Sichuan Guoguang Agricultural Chemical Co., Ltd. (hereinafter referred to as "the Company") held the tenth (temporary) meeting of the sixth board of directors on June 3, 2026, and approved the proposal regarding the subsidiary's application for a comprehensive credit line from financial institutions and the Company's guarantee for it. The specific situation is as follows:

1. Overview of the Credit and Guarantee

To meet the funding needs for daily production operations and business development, Sichuan Guoguang Agricultural Chemical Co., Ltd.'s wholly-owned subsidiary Sichuan Guoguang Agricultural Materials Co., Ltd. (hereinafter referred to as "Guoguang Agricultural Materials") and its holding subsidiary Sichuan Guoguang Landscape Technology Co., Ltd. (hereinafter referred to as "Guoguang Landscape") plan to apply to Industrial Bank Chengdu Branch (hereinafter referred to as "Industrial Bank Chengdu Branch") for a total comprehensive credit line (hereinafter referred to as "Credit Line") not exceeding RMB 100 million (the specific credit line shall be subject to the credit contract signed between the Company's subsidiaries and the financial institution), with a credit term of two years calculated from the date of signing the credit contract with the financial institution. At the same time, the Company intends to provide joint liability guarantees for the credit line applied for by Guoguang Agricultural Materials and Guoguang Landscape. The specific details of the proposed credit line are as follows:

ApplicantCredit BankCredit Line (10,000 RMB)Credit Business Type
Guoguang Agricultural MaterialsIndustrial Bank Chengdu Branch70,000Bank acceptance bill issuance and discount, domestic letter of credit issuance and forfaiting financing, domestic non-financial guarantee (excluding separated guarantees and single-term not exceeding 3 years), commercial acceptance bill financing
Guoguang LandscapeIndustrial Bank Chengdu Branch30,000Bank acceptance bill issuance and discount, domestic letter of credit issuance and forfaiting financing, domestic non-financial guarantee (excluding separated guarantees and single-term not exceeding 3 years), commercial acceptance bill financing
Total100,000

The above proposed credit line and guarantee amount are subject to the actual approval by the financial institution, and the actual financing amount and the information disclosed by the Company and all members of the board of directors are true, accurate, and complete, without false records, misleading statements, or major omissions. The guarantee amount within the credit line shall be based on the actual amounts incurred between the financial institution and the Company. The single guarantee amount does not exceed 10% of the Company's most recent audited net assets, and the cumulative guarantee amount within 12 months does not exceed 30% of the Company's most recent audited total assets. According to the Company's Articles of Association, this matter does not require submission to the shareholders' meeting for deliberation.

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