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Western Animal Husbandry guarantees loan for subsidiary Quansheng Animal Husbandry

October 6, 2025 at 12:02 PM UTCBy FilingReader AI

Xinjiang Western Animal Husbandry Co. (the "Company") announced it has signed a guarantee contract with Hua Xia Bank Urumqi Branch to provide a joint and several liability guarantee for its wholly-owned subsidiary, Xinjiang Quansheng Animal Husbandry Co., Ltd. ("Quansheng Animal Husbandry"). This guarantee, amounting to RMB 9.7 million, secures a working capital loan for Quansheng Animal Husbandry with a term of 24 months, from September 29, 2025, to September 29, 2027.

The guarantee falls within the RMB 30 million limit approved by the company's board of directors on March 4, 2025, and by shareholders on March 20, 2025. Following this transaction, the company's total outstanding guarantee for subsidiaries remains RMB 9.7 million, representing 2.30% of its most recent audited net assets.

Quansheng Animal Husbandry, established on July 28, 2004, has a registered capital of RMB 16.88 million and is 100% owned by the company. As of December 31, 2024, Quansheng Animal Husbandry reported total assets of RMB 20,168.49 million. The subsidiary's net assets as of June 30, 2025, were RMB 9,988.58 million.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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