Tecon Biology updates Q3 guarantee progress and cumulative exposure

Tecon Biology Co., Ltd. reported its guarantee progress for Q3 2025, highlighting continued financial support for its subsidiaries and supply chain. During this period, the company and its subsidiaries provided guarantees totaling 118,593,000 yuan for various bank financing needs of its direct subsidiaries. These guarantees, primarily for working capital and raw material procurement, mostly have a one-year term and are secured by counter-guarantees, except for two instances for Hummer River Tecon Plant Protein Co., Ltd. totaling 15,000,000 yuan which did not have counter-guarantees.

Additionally, Tecon Biology's financing subsidiaries provided guarantees for suppliers, livestock farmers, crop growers, and distributors within the supply chain. These guarantees amounted to a total of 48,000,000 yuan in approved guarantee quotas, with utilized guarantee amounts of 2,820,000 yuan and 790,000 yuan, respectively, in Q3 2025.

As of September 30, 2025, Tecon Biology and its subsidiaries have a cumulative maximum external guarantee limit of 729,100,000 yuan. The actual external guarantee balance stands at 233,370,720 yuan, accounting for 33.26% of the company's audited net assets attributable to the parent company as of December 31, 2024. The company confirmed no guarantees were provided to controlling shareholders, actual controllers, or related parties, and there are no overdue external guarantees.