Baiyang Investment guarantees subsidiary loan, securing operations

Baiyang Industrial Investment Group Co., Ltd. (Baiyang) announced a 50 million yuan guarantee for its wholly-owned subsidiary, Guangxi Baiyue Animal Husbandry Development Co., Ltd. (Baiyue Animal Husbandry). This secures a one-year working capital loan from the Shanghai Pudong Development Bank Nanning Branch. The guarantee renews an existing agreement and is within the previously approved 544 million yuan overall guarantee limit for its subsidiaries.

The total guarantee amount provided by Baiyang for its wholly-owned and controlled subsidiaries remains at 604.5517 million yuan, representing 45.45% of the company's net assets as of December 31, 2024. Baiyue Animal Husbandry’s total assets were 531,083,374.94 yuan, with total liabilities of 367,384,894.90 yuan as of June 30, 2025.

The board of directors approved the guarantee, noting it facilitates Baiyue Animal Husbandry's normal business operations. Baiyang maintains effective control over the subsidiary's management, finances, investments, and financing, mitigating financial risks. There are no overdue external guarantees or litigation-related guarantees.