Dabeinong announces guarantee progress; total exceeds net assets

Beijing Dabeinong Technology Group (SZSE:002385) has announced updates to its guarantee progress, with the total amount of guarantees provided by the company and its holding subsidiaries exceeding 100% of the latest audited net assets. Specifically, the actual outstanding external guarantee balance reached CNY 1,215,158,340,000, representing 142.27% of the company's latest audited net assets. Of this total, CNY 1,067,221,880,000 is attributed to guarantees for entities within the consolidated financial statements. The guarantees are part of the company’s broader strategy to enhance partnerships and facilitate sales. The company cautions investors regarding the potential risks associated with these guarantees, but emphasizes that financial risks are under control.