Securities Code: 300475 Securities Abbreviation: Xiang Nong Xin Chuang Announcement No.: 2026-059
Xiang Nong Xin Chuang Technology Co., Ltd. Announcement on Progress of Guarantees for Wholly-Owned Subsidiaries and Guarantees Received from Related Parties and Related Party Transactions
The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.
Special Reminder:
- As of the date of this announcement, based on the highest principal guarantee amount of RMB 50 million for this transaction, Xiang Nong Xin Chuang Technology Co., Ltd. (hereinafter referred to as the "Company") has accumulated guarantee contracts for its subsidiaries totaling RMB 13.936 billion (including counter-guarantees; composite guarantees for the same debt are counted only once. The same applies hereinafter). This amount (calculated using the exchange rate of RMB 6.8150 to USD 1 as quoted by the China Foreign Exchange Trade System on June 22, 2026, for the USD contract exchange rate, excluding guarantees provided by subsidiaries) accounts for 389.84% of the Company's audited net assets for the year 2025. Of this, the Company has accumulated guarantee contract amounts of RMB 1.550 billion for its wholly-owned subsidiary Shenzhen Xinlianxin Storage Technology Co., Ltd. (hereinafter referred to as "Xinlianxin").
- The Company and its subsidiaries have no external guarantee matters outside the scope of the consolidated financial statements, nor are there any overdue guarantees. Investors are kindly requested to be aware of and guard against risks.
I. Overview of Deliberation and Approval
(I) Overview of Guarantee Deliberation and Approval