Gansu Yasheng provides new loan guarantees for six subsidiaries

Gansu Yasheng Industrial Group has provided a series of new guarantees for its wholly-owned subsidiaries, totaling 9,814,900 yuan. These guarantees are part of a broader resolution passed by the board and shareholders to provide a maximum credit guarantee of 1,100,000,000 yuan for its subsidiaries within one year of the 2024 first extraordinary general meeting. The current total outstanding guarantee amount for the six subsidiaries is 745,759,000 yuan.

The guarantees include 10,000,000 yuan for Gansu Yasheng Longxing Starch Co., Ltd., 8,649,000 yuan for Shandan County Yuxing Flour Co., Ltd., 30,000,000 yuan for Gansu Yasheng Agricultural Comprehensive Services Co., Ltd., 9,500,000 yuan for Gansu Yasheng Tianyuan Pastoral Grass Industry Group Co., Ltd., 10,000,000 yuan for Gansu Yasheng Seed Industry Group Co., Ltd., and 20,000,000 yuan for Gansu Yasheng Green Gold Beer Raw Material Group Co., Ltd. These guarantees are all in the form of joint and several liability, with no counter-guarantees in place.

As of the disclosure date, the company's total external guarantees amount to 745,759,000 yuan, representing 17.41% of its latest audited net assets. All guarantees are for wholly-owned subsidiaries, with no guarantees provided to controlling shareholders, actual controllers, or their related parties, and no overdue guarantees.