Yasheng group to boost subsidiaries' financing with 1.4 bn yuan in credit guarantees

Gansu Yasheng Industrial Group announced its plan to provide maximum credit guarantees totaling 1.4 bn yuan for seven wholly-owned subsidiaries, to support their financial turnover and business continuity. This initiative, valid for one year from the shareholders' approval, will be submitted for approval at the First Extraordinary General Meeting on September 17, 2025.

The guarantees include 350 million yuan for Yasheng Potato Industry, 50 million yuan for Yasheng Amei Special Water, 150 million yuan for Yasheng Green Beer Raw Material, 200 million yuan for Yasheng Agricultural Services, 170 million yuan for Xingnong Pepper, 200 million yuan for Yasheng Seed Industry, and 280 million yuan for Yasheng Pastoral Song Grass Industry. The company clarified there are no counter-guarantees for these arrangements, and no overdue guarantees have been reported.

As of the disclosure date, Yasheng Group's total external guarantees amount to 707.61 million yuan, representing 16.52% of its net assets from the latest audited period. The company also confirmed it has no guarantees for controlling shareholders, actual controllers, or their related parties. The subsidiaries are all wholly-owned and maintain stable operations with good credit standing, mitigating potential risks.