Zhengbang Tech subsidiary begins reorganization amid sales figures, guarantee updates

Jiangxi Zhengbang Technology announced that its subsidiary, Liaoning Chaoyang Zhengbang Ecological Agriculture Co., Ltd., has commenced reorganization. Creditors are directed to declare claims by October 8, 2025, at 17:00, with the first creditors' meeting scheduled for October 10, 2025, at 9:00. The company noted that the reorganization's success is uncertain and could affect its assets and profitability.

Concurrently, Jiangxi Zhengbang Technology reported August 2025 hog sales of 669,700 heads, a 3.67% decrease month-on-month but a 141.79% increase year-on-year, generating revenue of 639m yuan. For January-August 2025, cumulative sales reached 4.9415m heads, with cumulative revenue of 5.457bn yuan, reflecting business recovery.

As of August 31, 2025, the company's total guarantee exposure, including its subsidiaries, stood at 4.0122718bn yuan. External guarantees totaled 145.8573m yuan, with overdue external guarantees amounting to 9.3812m yuan, representing 0.08% of the latest audited net assets. The company states it has measures in place to manage these risks.