Gelonghui September 11 | ST Jiawo (300268.SZ) announced that the company's Chilean subsidiary Australis Mar S.A. (hereinafter referred to as “AMSA” or “mortgagee”) signed a “Biological Asset Cooperation Agreement” with feed supplier BioMar Chile S.A. (hereinafter referred to as “BioMar” or “mortgagee”). Under the agreement, AMSA undertakes to secure the biological assets it holds during the execution of the agreement to obtain a longer payable period and more amount of accounts payable from Biomar.

AMSA, with its 11 aquaculture centers, has established collateral guarantees for underwater biological assets with a total cost value of approximately $0.103 billion as of July 31, 2024 to guarantee AMSA's current and future payment obligations arising from the purchase of farmed feed from BioMar.

After this mortgage, some of the company's biological assets were limited, and the company's accounts payable to suppliers were extended, and the amount was increased, relieving the pressure on the company's capital liquidity to a large extent and guaranteeing the company's stable supply of farmed feed.