Xinjiang Sayram guarantees subsidiaries' working capital loans

Xinjiang Sayram Modern Agriculture announced it is providing loan guarantees for its wholly-owned subsidiaries, Kuche City Bai Diamond Cotton Oil Processing Co., Ltd. and Hutu Bi County Kangrui Cotton Processing Co., Ltd. The total newly guaranteed amount is CNY 12 million, split between CNY 7 million for the Kuche subsidiary and CNY 5 million for the Hutu Bi subsidiary, both through loans from China Everbright Bank's Urumqi branch. As of the end of March 2025, the company's total outstanding guarantees reached CNY 153.015 million. The guarantees support the subsidiaries' raw material procurement and operations. The company says it maintains control over its subsidiaries' operations and finances, deeming the risk manageable.