ST Xiwang plans to provide a joint liability guarantee for its wholly-owned subsidiary Shandong Xiwang Food Co., Ltd. to apply for a credit line of no more than 40 million yuan from the Zouping Sub-branch of China Construction Bank. The proposal was unanimously approved at the third meeting of the 15th board of directors held on August 5. The actual guarantee amount, term, and other details will be subject to the formally signed contract. The relevant guarantee agreement has not yet been signed, and this guarantee does not require submission to the shareholders' meeting for review. The guaranteed party, Shandong Xiwang Food Co., Ltd., has a registered capital of 504 million yuan. As of March 31, 2026, its total assets were 2.57 billion yuan, total liabilities were 955 million yuan, and net assets were 1.615 billion yuan. From January to March 2026, it achieved operating revenue of 523 million yuan and net profit of 28.5627 million yuan. After this guarantee is completed, the total guarantee amount of ST Xiwang and its controlled subsidiaries will reach 640 million yuan, accounting for 38.59% of the audited net assets attributable to the parent company in 2025. The company currently has no overdue guarantees.
Xiwang Property Holdings Co LtdXiwang Foodstuffs Co LtdGuarantee for subsidiary's credit line; financial support but no direct impact on operations.
