Hebang Biotechnology’s progress announcement on providing guarantees
Securities code: 603077 Securities abbreviation: Hebang Biotechnology Announcement number: 2026-001 Bond code: 113691 Bond abbreviation: Hebang Convertible Bonds
Sichuan Hebang Biotechnology Co., Ltd.
Announcement on the progress of providing guarantees
The company's board of directors and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and assume legal responsibility for the authenticity, accuracy and completeness of its contents.
Important content reminder:
Guaranteed objects and basic information
actually provided for
Is it estimated in the early stage? Is there a name of the guaranteed person in this guarantee? The amount of this guarantee? The balance of the guarantee (excluding the principal)
Counter-guarantee sub-guarantee amount within the limit)
Leshan Hebang Agricultural Technology
130 million yuan 345 million yuan Yes No Limited Company
Cumulative guarantee status
Cumulative amount of overdue external guarantees (10,000 yuan) 0 Listed companies and their holdings as of the date of this announcement
727,897.73 Total external guarantees provided by subsidiaries (10,000 yuan)
The total amount of external guarantees accounted for the most recent period for listed companies.
39.08 Proportion of audited net assets (%)
□The guarantee amount (including this time) exceeds 50% of the latest audited net assets of the listed company
□The total amount of external guarantees (including this one) exceeds 100% of the listed company’s latest audited net assets
Special risk warning (please check if applicable)
□The total amount of guarantees for units outside the consolidated statements (including this time) reaches or exceeds 30% of the latest audited net assets
□This time, guarantees will be provided to units with an asset-liability ratio exceeding 70%.
Other risk warnings (if any)
1. Overview of guarantee situation
(1) Basic information on guarantee
December 30, 2025 On the same day, the company signed the "Maximum Guarantee Contract" with the Leshan Wutongqiao Branch of the Industrial and Commercial Bank of China Co., Ltd. (hereinafter referred to as "ICBC Leshan Wutongqiao Branch") to provide guarantee for the company's wholly-owned subsidiary Leshan Hebang Agricultural Technology Co., Ltd. (hereinafter referred to as "Hebang Agricultural Science"). The guarantee method is joint and several liability insurance. The main claim guaranteed by the guarantee is the claim against the debtor that ICBC Leshan Wutongqiao Branch has from December 30, 2025 to December 31, 2028 based on the domestic and foreign currency loan contract, foreign exchange transfer loan contract and other documents signed with Hebang Nongke. The guaranteed amount is 13,000.00 Ten thousand yuan, the guarantee period is three years from the day after the expiration of the debt performance period under the main contract. There is no counter-guarantee for this guarantee.
(2) Internal decision-making procedures
The company held the 24th meeting of the sixth board of directors on April 28, 2025, and the 2024 Annual General Meeting of Shareholders on May 26, 2025. The "Proposal on the Company's External Guarantee Authorization for 2025" was reviewed and approved. The total amount of guarantees provided by the company to its wholly-owned and controlled subsidiaries, and mutual guarantees between subsidiaries (including bank loan guarantees and other external financing guarantees) shall not exceed 6.00 billion yuan. Among them, the guarantee amount provided to guarantee objects with an asset-liability ratio of 70% and above shall not exceed 1.2 billion yuan; the guarantee amount provided to guarantee objects with an asset-liability ratio of less than 70% shall not exceed 4.8 billion yuan (of which the guarantee amount provided to Wujun Chongqing Solar Energy Co., Ltd. shall not exceed 1.8 billion yuan). For details, please refer to the relevant announcements disclosed by the company on the Shanghai Stock Exchange website (http://www.sse.com.cn) and designated media.
2. Basic information of the guaranteed person
(1) Basic information of Leshan Hebang Agricultural Technology Co., Ltd.
Type of guaranteed person Legal person
Name of guaranteed person Leshan Hebang Agricultural Technology Co., Ltd.
Type of guaranteed party and listed company
Wholly owned subsidiary
Company shareholding status
Major shareholders and shareholding ratio: The company holds 100% equity of Hebang Nongke
Legal representative Zeng Xiaoping
Unified social credit code 91511112083381899R
Date of establishment 2013-11-27
Registration place: Niuhua Town, Wutongqiao District, Leshan City
Registered capital 492 million yuan
Company type: Limited liability company (a sole proprietorship of a legal person that is not invested or controlled by a natural person)
General projects: technical services, technology development, technical consulting, technical exchange, business scope
Technology transfer, technology promotion; fertilizer sales; technology import and export; goods import and export. (Except for projects that require approval in accordance with the law, business activities can be carried out independently with a business license in accordance with the law) Licensed projects: Production of specific organic chemicals containing phosphorus, sulfur and fluorine in Category II and III controlled chemicals and Category IV controlled chemicals; operation of Category II monitored chemicals; fertilizer production; pesticide wholesale; pesticide retail; pesticide production. (Projects that require approval according to law can only be carried out with the approval of relevant departments. Specific business projects shall be subject to the approval documents or licenses of relevant departments)
September 30, 2025
Project December 31, 2024/January-September 2025 (not yet
/2024 (audited) audited)
Total assets 683,172.01 699,304.48Main financial indicators (10,000 yuan)
Total liabilities 102,617.15 111,539.63 Net assets 580,554.86 587,764.85 Operating income 248,891.56 314,211.48
Net profit 12,580.82 -4,609.01
(2) The guaranteed person’s breach of trust
The guaranteed person and Bangnongke are not the persons subject to execution for breach of trust.
3. Main contents of the guarantee agreement
The company signed the "Maximum Guarantee Contract" with ICBC Leshan Wutongqiao Branch to provide guarantee for the company's wholly-owned subsidiary Hebang Nongke. The guarantee method is a joint liability guarantee, and the main creditor's rights guaranteed are from December 30, 2025 to December 31, 2028. During the period, ICBC Leshan Wutongqiao Branch enjoyed claims against the debtor based on the domestic and foreign currency loan contracts, foreign exchange transfer loan contracts and other documents signed with Hebang Nongke. The guaranteed amount was RMB 130 million, and the guarantee period was three years from the day after the expiration of the debt performance period under the main contract. There is no counter-guarantee for this guarantee.
4. Necessity and Reasonability of Guarantee
The company's guarantee for its subsidiaries is based on its existing development projects and the company's financial needs for development, and is in line with the company's overall interests and development strategy.
5. Opinions of the Board of Directors
On April 28, 2025, the 24th meeting of the company's sixth board of directors reviewed and approved the "Proposal on the Company's External Guarantee Authorization for 2025" with 9 votes in favor, 0 votes against, and 0 abstentions.
6. Cumulative number of external guarantees and number of overdue guarantees
As of December 31, 2025, the total amount of external guarantees provided by the company and its subsidiaries (the total guarantee refers to the sum of the unused limit of the guarantee limit approved by the shareholders’ meeting and the actual balance of the guarantee) was 7.279 billion yuan, accounting for 39.08% of the company’s most recent audited net assets; the company’s total guarantees for wholly-owned and controlled subsidiaries, and mutual guarantees between subsidiaries were 7.279 billion yuan, accounting for 39.08% of the company’s most recent audited net assets. The company and its subsidiaries have no overdue guarantees, nor have they provided guarantees to controlling shareholders, actual controllers and their related parties.
Announcement is hereby made.
Board of Directors of Sichuan Hebang Biotechnology Co., Ltd.
January 5, 2026