Lanzhou Zhuangyuan Pasture guarantees 70m yuan loan for subsidiary

Lanzhou Zhuangyuan Pasture Co. has entered into a guarantee agreement with the Agricultural Development Bank of China, Yongchang County Branch. The company will provide a maximum principal guarantee of 70,000,000 yuan for its wholly-owned subsidiary, Gansu Zhuangyuan Pasture Group Co. The guarantee covers debts incurred by Zhuangyuan Pasture with the bank and was approved by the company's board of directors on August 26, 2025.

Gansu Zhuangyuan Pasture Group Co., established on July 22, 2024, is a limited liability company with a registered capital of 10,000,000 yuan. As of September 30, 2025, its total assets were 159,383,070 yuan, and total liabilities were 70,376,820 yuan, including bank loans of 11,043,150 yuan. Its asset-liability ratio was 44.16%.

As of the disclosure date, Lanzhou Zhuangyuan Pasture's total external guarantees, including this transaction, amount to less than 400,000,000 yuan, representing less than 40% of its most recently audited net assets. The company has no overdue or irregular guarantees, nor any guarantees involved in lawsuits.