Planet Green Holdings Corp. Debt Disclosure
13. Bank Loans
The outstanding balances on short-term and long-term bank loans consisted of the following:
| Interest | As of December 31, | |||||||||||||
| Lender | Maturities | rate | 2025 | 2024 | ||||||||||
| Jingshan City branch of Postal Saving Bank of China | Due in January 2025 | 3.85 | % | $ | $ | 1,367,283 | ||||||||
| Jingshan City branch of Postal Saving Bank of China | Due in January 2026 | 3.63 | % | 914,759 | ||||||||||
| Jingshan City branch of Agricultural Bank of China | Due in March 2026 | 3.3 | % | 1,136,835 | ||||||||||
| Hubei Jingshan Rural Commercial Bank Co. Ltd. | Due in March 2026 | 3.2 | % | 700,690 | ||||||||||
| Jingmen Branch of Bank of China | Due in June 2026 | 3.0 | % | 1,143,985 | ||||||||||
| Hubei Jingshan Rural Commercial Bank Co. Ltd. | Due in June 2026 | 4.0 | % | 428,994 | 410,998 | |||||||||
| Hubei Bank Jingshan Branch. | Due in December 2026 | 3.0 | % | 1,000,987 | ||||||||||
| Hubei Jingshan Rural Commercial Bank Co. Ltd. | Due in August 2026 | 4.58 | % | 285,996 | 273,999 | |||||||||
| Chajiaduo supply chain Hubei co., Ltd | Due in February 2026 | 71,499 | ||||||||||||
| Mr. Wei Jin | Due in December 2025 | 12 | % | 71,499 | ||||||||||
| Bank overdraft | 785 | 221 | ||||||||||||
| Total | $ | 5,756,029 | $ | 2,052,501 | ||||||||||
The loan from the Jingshan City branch of Postal Savings Bank of China was obtained to support general working capital, with a comprehensive guarantee provided by Mr. Bin Zhou, the Company’s CEO, and Hubei Bryce Technology Co., Ltd., which is under the company’s control.
The loan from the Jingshan City branch of Agricultural Bank of China was obtained to support general working capital, with a comprehensive guarantee provided by an unrelated third party, Jingshan Chengxin Financing Guarantee Co., Ltd.
The loan from the Hubei Jingshan Rural Commercial Bank Co. Ltd. was obtained to support general working capital, with certain buildings and land use rights of Hubei Ruishengchang Industrial Co., Ltd. in the amount of RMB3.6 million (equivalent to $505,689) pledged as collateral, as well as comprehensive guarantee provided by Mr. Bin Zhou, Mr. Bin Zhang, senior management of the Company, Mr. Ge Wei, a third-party individual, Hubei Bryce Technology Co., Ltd. and Hubei Ruishengchang Industrial Co., Ltd., which is under control of Mr. Ge Wei.
The loan from Jingmen Branch of Bank of China was obtained to support general working capital, with no guarantee requirement for this loan.
The loan from Hubei Bank Jingshan Branch was obtained to support general working capital, with a comprehensive guarantee provided by Mr. Bin Zhang, his wife Ms. Shunhui Gao, and Hubei Bryce Technology Co., Ltd., which is under the company’s control.
The loan from Chajiaduo Supply Chain Hubei Co., Ltd. was obtained to support general working capital, with no guarantee requirement.
The loan from Mr. Wei Jin was obtained to support general working capital, with no guarantee requirement. This loan was subsequently fully repaid in March 2026.
Interest expense for the years ended December 31, 2025 and 2024 was $155,538 and $70,542, respectively.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 31, 2026 | Showing above |
| 2016 | Oct 31, 2017 | |
| 2015 | Apr 14, 2016 | |
About Debt Disclosures
Debt disclosures detail a company's borrowing structure — the types of instruments, interest rates, maturity schedule, and covenant restrictions that define its financial obligations and flexibility. This section is essential for assessing refinancing risk, interest rate exposure, and the margin of safety against financial distress.
Key signals: the maturity schedule reveals concentration risk — large maturities within 1-2 years during tight credit markets can force dilutive refinancing or asset sales. Compare the fair value of debt against carrying amount to gauge whether the market views the company's credit risk differently than the balance sheet suggests. Watch covenant compliance disclosures for tightening cushions, especially leverage and interest coverage ratios. Variable-rate debt exposure quantifies sensitivity to interest rate changes. Secured versus unsecured mix affects recovery rates and future borrowing capacity. Compare net debt-to-EBITDA against industry peers and covenant limits to assess financial health.