Tangrenshen Group adjusts external guarantee quota

Tangrenshen Group (SZSE:002567) announced an adjustment to its external guarantee quota, effective from January 1, 2025, to December 31, 2025. The total guarantee amount remains capped at CNY 290,000,000 as approved in the company's Ninth Board of Directors' Thirtieth Meeting and the Fifth Extraordinary General Meeting in 2024. The adjustment involves reallocating the guarantee limits among subsidiaries, primarily Hunan Danong Financing Guarantee Co., Ltd. (raising to CNY 100,000,000) and other subsidiaries. This move aims to meet business development needs and promote collaboration with farmers, distributors, and other partners. The adjustment falls within the previously authorized scope and does not require further board or shareholder approval.