Zall Smart Commerce Group (2098) Issues Supplemental Announcement on Provision of Guarantee

Bulletin Express
10/28

Zall Smart Commerce Group (2098) released additional details regarding the guarantee it provided for Hubei Digital Trade’s loan arrangement with ICBC Wuchang. Hubei Digital Trade entered into a loan agreement for RMB50 million, which has already been fully drawn down. The loan carries an annual interest rate of 2.11%, paid quarterly, and the principal plus remaining interest is due by 25 September 2026.

According to the announcement, the guarantee from Zall Smart Commerce’s subsidiary Sinoagri, alongside a second guarantee from Hubei Provincial Cereals Oils and Foodstuffs Import and Export Group Co., Ltd., serves as the primary security for the loan. Hubei Provincial Cereals Oils and Foodstuffs Import and Export Group Co., Ltd. has agreed to provide a guarantee covering outstanding loan principal up to RMB153 million, reflecting its larger equity stake in Hubei Digital Trade. Sinoagri and Hubei Provincial Cereals Oils and Foodstuffs Import and Export Group Co., Ltd. are responsible for amounts proportional to their 49% and 51% shareholdings, respectively.

The overall credit limit for Hubei Digital Trade stands at RMB300 million, with RMB250 million remaining as of the announcement date. Other disclosed information remains unchanged, and the supplementary details should be read in conjunction with the earlier October 17, 2025 announcement.

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