300475SZSE
🚨 Material Event

Progress Announcement on 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 Xiangnong Xinchuang for its wholly-owned subsidiaries and guarantees received from related parties. It updates on the total outstanding guarantee amount for subsidiaries, which is RMB 116.37 billion, representing 325.51% of the company's 2025 audited net assets. The announcement also covers the termination of certain guarantees and the issuance of new ones, as well as guarantees received from related parties.

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Full Translation

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Securities Code: 300475

Securities Abbreviation: Xiangnong Xinchuang

Announcement No.: 2026-066

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, calculated based on the maximum principal guarantee amount of RMB 25.79 billion for this batch, Xiangnong Xinchuang Technology Co., Ltd. (hereinafter referred to as the "Company") has accumulated guarantee contracts for its subsidiaries (including counter-guarantees; composite guarantees for the same debt are counted once. The same applies below) totaling RMB 116.37 billion (the exchange rate for USD contracts is calculated based on the middle rate of RMB to USD announced by the China Foreign Exchange Trade System on July 17, 2026, which is 1 USD to 6.7934 RMB, excluding guarantees provided by subsidiaries). This amount represents 325.51% of the Company's net assets audited for 2025.

Of this, the Company has accumulated guarantee contract amounts of RMB 93.91 billion for its wholly-owned subsidiary Lianhe Chuangtai Technology Co., Ltd. (hereinafter referred to as "Lianhe Chuangtai").

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

We kindly remind investors to be aware of and prevent risks.

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