Yili guarantees NZ$265m for wholly-owned subsidiary Westland Dairy

Inner Mongolia Yili Industrial Group Company Limited (Yili) announced further guarantees for its wholly-owned subsidiary, Westland Dairy Company Limited (Westland), totaling NZ$265 million. This includes a NZ$100 million guarantee to Coöperatieve Rabobank U.A., New Zealand Branch, a NZ$70 million guarantee to China Construction Bank Corporation, New Zealand Branch, and a NZ$95 million guarantee to The Hongkong And Shanghai Banking Corporation Limited, Incorporated In The Hong Kong Sar, Acting Through Its New Zealand Branch. As of October 28, 2025, Yili's actual outstanding guarantee balance for Westland is RMB 881 million.

These guarantees fall within the scope of approvals from Yili's 11th Board of Directors Sixth Meeting and the 2024 Annual Shareholders' Meeting, which authorized up to RMB 1.8 billion or equivalent in other currencies. The total external guarantees by Yili and its controlled subsidiaries amount to RMB 87.65 billion, representing 16.48% of the company's latest audited net assets.

Westland Dairy Company Limited, established on July 28, 1937, in New Zealand, has a registered capital of NZ$545.16 million and specializes in dairy product manufacturing and sales. Its financial performance, as of June 30, 2025 (unaudited), shows total assets of RMB 402,848, total liabilities of RMB 151,525, net assets of RMB 251,323, operating income of RMB 291,578, and a net profit of RMB 8,345.