Anjoy Foods guarantees CNY 180m for subsidiary

Fuzhou Anjoy Foods Co., Ltd. (SSE: 603345) announced it will provide a guarantee of CNY 180 million for its holding subsidiary, Honghu Xin Hongye Food Co., Ltd. The guarantee will support Xin Hongye's loan applications related to the procurement of crayfish raw materials. As of the announcement date, Anjoy Foods' outstanding guarantee balance for Xin Hongye is CNY 109 million. The approved guarantee is within the CNY 400 million approved for subsidiaries at the company's annual general meeting on May 21, 2025, and no further deliberations are necessary. Anjoy Foods confirmed that Xin Hongye's operations are stable and the guarantee risk is controllable. The company assures the guarantee won't negatively impact its business or shareholder interests. As of the date of disclosure, the Company's total external guarantee amount is CNY 461 million, all of which are guarantees for controlling or wholly-owned subsidiaries, accounting for 3.56% of the Company's most recent audited net assets.