300475SZSE
🚨 Material Event

Announcement on Progress of Guarantees for Wholly-Owned Subsidiaries and Guarantees Received from Related Parties and Related Party Transactions

✨ AI Summary

This announcement details the progress of guarantees provided by the company for its wholly-owned subsidiaries and guarantees received from related parties. It confirms the total outstanding guarantee amount for subsidiaries is RMB 13.32 billion, representing 372.61% of the company's 2025 audited net assets. No overdue guarantees exist.

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Full Translation

AI Translation· gemini_document

Stock Code: 300475

Stock Abbreviation: Xiangnong Xinchuang

Announcement No.: 2026-065

Xiangnong Xinchuang 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 all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are not aware of any false representations, misleading statements, or material omissions.

Special Reminder:

  1. As of the date of this announcement, based on the maximum principal guarantee amount of RMB 1,000 million for this instance, the cumulative guarantee contract amount for subsidiaries provided by Xiangnong Xinchuang Technology Co., Ltd. (hereinafter referred to as the "Company") is RMB 13.32 billion (for USD denominated contracts, the exchange rate is calculated based on the central parity rate of RMB 1 to USD 6.7972 announced by the China Foreign Exchange Trade System on July 13, 2026; this does not include guarantees provided by subsidiaries). This amount represents 372.61% of the Company's net assets audited for the year 2025.

Of this, the cumulative guarantee contract amount provided by the Company for its wholly-owned subsidiary, Shenzhen Xinlianxin Storage Technology Co., Ltd. (hereinafter referred to as "Xinlianxin"), is RMB 1.83 billion.

  1. The Company and its subsidiaries have no external guarantee matters outside the scope of consolidated financial statements, nor are there any overdue guarantees.

Investors are kindly advised to be aware of risks.

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