NBD AI Bulletin - Beijing Dabeinong Technology Group Co., Ltd. announced on January 21 that according to the proposal on providing guaranty for invested companies and affiliated transactions that was passed through at the 60th meeting of the Company's fourth board of directors and the tenth shareholder general meeting in 2019, the Company applied for loans for Beijing Nongxin Internet Technology Co., Ltd. from China Minsheng Banking Corp., Ltd.'s Beijing branch and provided joint liability guaranty for no more than 100 million yuan. The guaranty is about to expire.

As of the date of this notice, the Company's board of directors and shareholders general meeting have granted a total amount of no more than 11.3150967 billion yuan in guaranty for the Company and its majority-owned subsidiaries, accounting for 112.34% of the Company's most recent audited combined net assets of 10,071,990,400 yuan at the end of 2019, and the actual balance of guaranty is 8,065,755,000 yuan.

The Company's 2020 semi-annual report shows that the main businesses of Beijing Dabeinong Technology Group Co., Ltd. are feed industry, pig industry, other industries, seed plant protection industry, accounting for 75.05%, 15.24%, 6.29%, 3.42% of revenue, respectively.

Beijing Dabeinong Technology Group Co., Ltd.'s chairman is Shao Genhuo, a 56-year-old man who received a Bachelor's degree from Zhejiang University (formerly Zhejiang Agricultural University) in 1986. The Company's president is Zhang Lizhong, a 47-year-old who got his Master's degree in agricultural promotion at Northeast Agricultural University.

Tips on "stock trends":

1. The number of shares held by northbound investors decreased by 11.463 million over the past 30 days, representing 0.4% of the Company's circulating shares.

2. In the past 30 days, one batch of institutions (16 in total) conducted reseach on the Company. 

(By Lan Suying)

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