Baiyang Investment Group adjusts subsidiary guarantee limits, boosts funding

Baiyang Investment Group has reallocated 10 million yuan of unused guarantee quota from its wholly-owned subsidiary, Guangxi Baijia Food Co., Ltd., to Hainan Baiyang Aquatic Food Co., Ltd. This adjustment reduces Guangxi Baijia Food's guarantee quota from 75 million yuan to 65 million yuan, while Hainan Baiyang Aquatic Food's quota increases from 10 million yuan to 20 million yuan. This reallocation, representing 0.75% of the company's latest audited net assets, aims to meet the operational funding needs of the subsidiaries, both of which have an asset-liability ratio exceeding 70%.

Following this internal adjustment, Baiyang Investment Group provided a new guarantee of 10 million yuan for Hainan Baiyang Aquatic Food Co., Ltd.'s working capital loan from Hainan Bank's Haidian Sub-branch. This brings the company's actual outstanding guarantee balance for Hainan Baiyang Aquatic Food to 20 million yuan, fully utilizing its available guarantee quota. This decision is within the scope of the total guarantee limit of 544 million yuan approved by the company's 2024 annual general meeting.

As of the announcement date, the total guarantee amount provided by Baiyang Investment Group and its holding subsidiaries for consolidated entities stands at 694 million yuan. The actual outstanding external guarantee balance for the company and its holding subsidiaries is 620.8575 million yuan, representing 46.67% of the company's latest audited net assets as of December 31, 2024.