Baiyang Investment Group guarantees subsidiary's loan

Baiyang Investment Group Co., Ltd. has provided a RMB 10,000,000 comprehensive credit guarantee for its wholly-owned subsidiary, Beihai Qin Guo Frozen Food Co., Ltd., with Guilin Bank Xingguang Sub-branch. This guarantee is a maximum amount joint and several liability guarantee for a three-year term, falling within the existing approved guarantee limit of RMB 54,4000,000.

Beihai Qin Guo, established on June 12, 2001, and wholly owned by Baiyang Investment Group, specializes in aquatic product acquisition, quick-frozen food production, and import/export. As of June 30, 2025, Beihai Qin Guo reported total assets of RMB 61,023,270.93 and net assets of RMB 30,818,476.90. For the half-year ending June 30, 2025, its net profit was RMB 2,565,066.72.

The guarantee, a maximum amount guarantee contract, covers principal, interest, penalties, and other related expenses. The guarantee period extends three years beyond the main debt's performance period. Following this latest provision, the company and its subsidiaries' actual external guarantee balance totals RMB 57,847.17, representing 43.49% of the company's net assets as of December 31, 2024.