Announcement on Progress of Providing Guarantee Limits for Wholly-Owned Subsidiary
On February 9, 2025, Jiangsu Jinj Chicken Industry Co., Ltd. (hereinafter referred to as "the Company") held the 21st meeting of the third board of directors, where it reviewed and approved the proposal on the estimated guarantee limits for its wholly-owned subsidiary for the year 2025. On February 25, 2025, in accordance with the Shenzhen Stock Exchange GEM Listing Rules and the Company’s Articles of Association, the Company convened its first extraordinary general meeting of shareholders in 2025 to review the aforementioned proposal from the board of directors. The meeting approved a total guarantee limit of RMB 1.6 billion (including the principal) for the year 2025 for the Company’s wholly-owned subsidiaries (including companies within the consolidated financial statements) to apply for comprehensive credit, financing leases, and other businesses from commercial banks or other financial institutions. The guarantee methods include guarantee guarantees and mortgage guarantees. Within the cumulative guarantee limit, the management is authorized to sign specific guarantee agreements and related legal documents, with the authorization period starting from the date of approval by the shareholders' meeting for 12 months. Recently, the Company signed relevant guarantee contracts with related parties, and the progress of the guarantees is announced as follows:
Guarantee Progress
Recently, the Company signed a "Guarantee Contract" (Contract No.: ZY2026SH0079-b01) with Zhejiang Zheyin Financial Leasing Co., Ltd. (hereinafter referred to as "Zheyin Financial Leasing"), providing an irrevocable joint liability guarantee for its wholly-owned subsidiary Yingzhi Innovation (Shenzhen) Technology Co., Ltd. (hereinafter referred to as "Yingzhi Innovation") under the "Financing Lease Contract (Sale and Leaseback)" (Contract No.: ZY2026SH0079) signed with Zheyin Financial Leasing. At the same time, Yingzhi Innovation signed a "Pledge Contract" (Contract No.: ZY2026SH0079-y01) with Zheyin Financial Leasing, providing pledge guarantees for the "Financing Lease Contract (Sale and Leaseback)." The above guarantee matters are consistent with the situation reviewed by the shareholders' meeting, and this guarantee limit is within the approved limit by the shareholders' meeting. The Company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or major omissions.