Overview of the Guarantee Situation
Dongxu Optoelectronics Technology Co., Ltd. (hereinafter referred to as "the Company") held the sixteenth meeting of the tenth board of directors on August 30, 2024, and approved the proposal to allow its holding subsidiary, Guangxi Shenlong Automobile Manufacturing Co., Ltd. (hereinafter referred to as "Guangxi Shenlong"), to apply for a bank loan from the Yongning District Rural Credit Cooperative in Nanning and to provide a guarantee for it. To assist Guangxi Shenlong in meeting the conditions for refinancing, the board agreed that the Company and its wholly-owned subsidiary, Shanghai Shenlong Bus Co., Ltd. (hereinafter referred to as "Shanghai Shenlong"), would jointly provide a joint liability guarantee for Guangxi Shenlong's bank loan application of 106 million yuan to the Nanning Yongning Credit Cooperative. The aforementioned guarantee does not constitute a related party transaction. According to the relevant provisions of the Shenzhen Stock Exchange Listing Rules, this guarantee does not require submission for approval at the Company's shareholders' meeting.