ST Pioneer (300163.SZ) announced that the guarantor has repaid the related guaranteed loan of 45.6904 million yuan in accordance with the plan before September 15, 2024. The balance of the outstanding related guaranteed loan is currently 60 million yuan. Happy Investment's 30 million yuan bank loan at China Zheshang Bank has been extended until July 2025, and Pioneer Hongye's 21 million yuan bank loan at Hua Xia Bank has been extended until September 2025. Happy Investment's 9 million yuan bank loan at Hua Xia Bank has not been extended. According to the loan agreement between Happy Investment and Hua Xia Bank, the maturity date of the 9 million yuan loan is September 15, 2024, and Happy Investment should complete the loan extension before the maturity date. However, as of the date of this announcement, the loan is overdue due to the failure to complete the extension. The bank has not yet requested the company to fulfill the joint and several guarantee obligations, but there may be a situation where the obligations are fulfilled in the future.
The company, Lu Xianfeng, and the guarantor have actively communicated with Hua Xia Bank. Lu Xianfeng and the guarantor have submitted a solution to Hua Xia Bank. The main content of the solution is to expedite the disposal of the collateral corresponding to the loan and use the proceeds from the disposal of the collateral to settle the relevant liabilities. The total market value of the collateral assessed by a qualified institution commissioned by Hua Xia Bank at the valuation date (August 13, 2024/August 19, 2024) is 7.6591 million yuan. Lu Xianfeng, Happy Investment, and Pioneer Hongye have jointly issued a "Letter of Commitment" to the company, undertaking to make up for the shortfall if the proceeds from the disposal of the collateral are not sufficient to repay all liabilities of the loan (including principal, interest, default interest, penalty interest, compound interest, default fines, and reasonable expenses incurred by the creditor to realize the creditor's rights), so as to ensure that the company does not bear the joint and several guarantee responsibility.
