Guangnong Sugar Industry: Providing guarantee for subsidiary's loan of 6.765 million yuan, guarantee amount exceeds net assets.
Guangxi Agricultural and Sugar Industry announced that the company recently signed a "Maximum Guarantee Contract" with the Nanning Branch of China Minsheng Bank, providing joint liability guarantee for a loan of 6.765 million yuan to its wholly-owned subsidiary Yunou Logistics Company. The total guarantee under this contract is 16.505 million yuan. As of the announcement date, the company's approved guarantee amount is 3.981 billion yuan, accounting for 3202.70% of the audited net assets attributable to the parent company in 2024; the actual guarantee amount incurred is 2.742 billion yuan, accounting for 2205.75% of the net assets audited in the most recent period, with no overdue guarantees.
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