Guolian Aquatic Products transfers over 82 million yuan of debt to the controlling shareholder, reducing financial burden and focusing on core business transformation

Source: Shanghai Securities News · China Securities Network

China Securities Network, Shanghai Securities News (Reporter: Wang Zilin) On April 3, Guolian Aquatic Products announced that it plans to transfer the company’s total debt of RMB 82.12 million to Henan Dazhang Industrial Co., Ltd. to its controlling shareholder, Yuxiu Guotong Investment Management Co., Ltd. (hereinafter referred to as “Yuxiu Guotong”), which will assume the liabilities in full. The company will then carry out a debt-for-debt offset by using an equal amount of receivables it holds against Yuxiu Guotong.

After this transaction is completed, the company will reduce external liabilities by more than RMB 82 million in one step, while also collecting in advance an equal amount of payable equity consideration from the controlling shareholder. Yuxiu Guotong’s remaining debt balance to the company will be reduced to RMB 218.0796 million.

According to the announcement, the background of this transaction stems from the asset spin-off actions previously carried out by the listed company involving its controlling shareholder. In December 2025, Guolian Aquatic Products and Yuxiu Guotong signed an equity transfer agreement, under which Yuxiu Guotong will, by way of an assumption-based acquisition, take over 100% of the equity interests in Guangdong Xinying Food Technology Co., Ltd. that the company holds. Yuxiu Guotong is to pay the equity consideration and assume debts totaling RMB 315.4326 million to the company, with the payment deadline being April 30, 2026. As of April 2, 2026, Yuxiu Guotong has paid RMB 17.7207 million of the above amounts. In addition, due to新增 debt to the company amounting to RMB 2.4904 million arising from business settlement between the asset valuation benchmark date and the delivery date, the remaining payable amount by Yuxiu Guotong to the listed company totals RMB 300.2023 million and has not yet been paid.

To optimize the company’s financial structure, Guolian Aquatic Products intends, through this transaction, to transfer all of its RMB 82.1227 million debt to Henan Dazhang Industrial to Yuxiu Guotong to assume. The company will no longer undertake any obligations under the original loan contract. At the same time, the company will offset the transferred debts in full by using its equal amount of receivables from Yuxiu Guotong. The announcement states that after the completion of this debt-for-debt offset, Yuxiu Guotong’s remaining debt balance to the listed company will be RMB 218.0796 million, and it still needs to complete the payment before the originally agreed April 30, 2026 deadline.

The announcement shows that this transaction has been approved by the company’s 19th meeting of the sixth session of the board of directors. The company’s independent directors convened a special meeting to review the transaction and issued independent consent opinions. The board’s audit committee also approved the transaction matters. This transaction follows the principles of fairness and voluntariness; it will offset equal amount of debts and receivables, with a fair and reasonable price. There is no circumstance that harms the interests of the company and its minority shareholders.

This debt optimization action is an important measure taken by Guolian Aquatic Products to focus on core business transformation and strengthen operating quality amid the ongoing adjustments in the domestic consumer industry. It is understood that Guolian Aquatic Products is推进 a food-oriented transformation centered on pre-prepared dishes. In 2026, it has set a core business policy of “Focus on strengths, prioritize efficiency, and open a new chapter,” and will comprehensively launch three major business campaigns: first, it will concentrate advantageous resources to create benchmark large-scale single products, deeply cultivate core categories of pre-prepared dishes, and drive overall performance growth with the effect of breakout products; second, it will continue to build a global supply chain system, integrate high-quality global aquatic product resources, and optimize end-to-end costs and stability; third, it will comprehensively improve operating efficiency, empower every link of operations with digital means, and promote the company’s transformation from growth in scale to growth in benefits.

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