Securities Code: 300498
Bond Code: 123107
Securities Abbreviation: Wens Foodstuff
Bond Abbreviation: Wens Convertible
WENS Wens Foodstuff Group Co., Ltd.
Announcement No.: 2026-101
Wens Foodstuff Group Co., Ltd.
Announcement on Providing Guarantee for Raw Material Purchase Payments to Wholly-owned and Controlled Subsidiaries
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
I. Overview of Guarantee Situation
Wens Foodstuff Group Co., Ltd. (hereinafter referred to as "Wens Foodstuff" or "the Company") deliberated and passed the "Proposal on the Company Providing Guarantees for Raw Material Purchase Payments to Wholly-owned and Controlled Subsidiaries" at the 18th meeting of the Fifth Board of Directors. The Board of Directors agreed that the Company would provide guarantees for raw material purchase payments not exceeding RMB 3.702 billion to 118 wholly-owned subsidiaries and 47 controlled subsidiaries (excluding wholly-owned subsidiaries, hereinafter referred to as "controlled subsidiaries"). The guarantees are for the other shareholders of controlled subsidiaries who have not provided corresponding guarantees according to their shareholding ratio, and have not provided counter-guarantees. For guarantee objects whose asset-liability ratio exceeds 70%, this guarantee still needs to be submitted to the Company's shareholders' meeting for deliberation.
From the date of approval by the shareholders' meeting until December 31, 2027, Xiamen C&D Industrial Co., Ltd. and 71 other feed raw material suppliers will provide a maximum total credit line of RMB 3.702 billion for the raw material purchase contracts signed by the Company's controlled subsidiaries.