Shenzhen Agricultural Products Co Ltd6.07 million yuan of external loan provided by the company is overdue and unrecovered, with impairment provisions made.

Agricultural Products announced that, of the 60 million yuan loan jointly provided by the company and Wuhan Lianzhi Real Estate to Wuhan City Circle Haijixing Agricultural Products Logistics Co., Ltd., the 30.37 million yuan portion provided by the company has seen 6.07 million yuan mature on July 8, 2026, but due to the Wuhan Haijixing project still being in the investment promotion and cultivation stage, there are temporarily insufficient funds for repayment. The loan term is one year, with capital occupation costs calculated at the one-year LPR plus 20 percent. Wuhan Haijixing has provided pledge and mortgage guarantees using its subsidiary equity and land holdings. The company has made impairment provisions in accordance with accounting standards, believes this matter does not affect normal production and operations, has no material impact on profit and loss, and will actively communicate repayment measures. In the first quarter of 2026, Agricultural Products achieved revenue of 1.283 billion yuan and net profit attributable to the parent of 135 million yuan.
Shenzhen Agricultural Products Co Ltd6.07 million yuan of external loan provided by the company is overdue and unrecovered, with impairment provisions made.
Borrower Wuhan Haijixing has insufficient funds to repay the matured loan due to project still in investment promotion stage.