Dabeinong's guarantees exceed net assets by 48%

Beijing Dabeinong Technology Group's external guarantees have reached 12.66bn yuan, equivalent to 148% of the company's most recent audited net assets.

Guarantees for consolidated entities total 10.89bn yuan, while guarantees for associates amount to 1.74bn yuan. The company reports outstanding overdue external guarantees from subsidiaries of 16.27m yuan.