Dunhuang Seed provides CNY 40m in guarantees for subsidiaries

Gansu Dunhuang Seed Group Co., Ltd. (SSE:600354) announced it has provided guarantees totaling CNY 40 million to its subsidiaries, Jiuquan Dunhuang Seed Baijia Foods Co., Ltd., and Gansu Dunhuang Seed Group Jinchang Jincongyu Agricultural Technology Co., Ltd. These guarantees fall within the approved 2025 overall guarantee plan, which was authorized during the company's annual shareholder meeting and involves a total potential guarantee amount of up to CNY 120 million. Specifically, CNY 30 million was earmarked for Jiuquan Dunhuang Seed Baijia Foods and CNY 10 million for Jinchang Jincongyu Agricultural Technology. The guarantees aim to support the subsidiaries' working capital needs. The company confirmed that there are no overdue external guarantees.