Wanxiang Qianchao Co., Ltd. (hereinafter referred to as "the Company") and all members of the board guarantee the authenticity, accuracy, and completeness of the information disclosed, without any false records, misleading statements, or significant omissions.
Special Risk Warning: The external guarantees provided by the Company are for certain subsidiaries within the consolidated financial statements, and there are no other external guarantees. Specifically, the Company and its controlling subsidiaries will provide guarantees amounting to RMB 2,194.5 million for subsidiaries with a debt-to-asset ratio exceeding 70%. The proposal regarding the estimated external guarantee limit for 2026 was approved at the tenth meeting of the tenth board of directors held on April 3, 2026. The relevant details are announced as follows:
1. Overview of Guarantees
To support the daily operations and business development needs of Wanxiang Qianchao Co., Ltd. and its subsidiaries, to meet the daily operational funding requirements, optimize the credit guarantee structure, and promote business development and economic benefits, the Company plans to provide guarantees for certain subsidiaries within the consolidated financial statements in 2026. The total estimated guarantee limit is expected to not exceed RMB 8.079 billion. This cumulative guarantee limit includes effective guarantees that have already occurred but are not yet due, renewed guarantees, and new guarantees. The scope of guarantees includes but is not limited to applying for comprehensive credit, loans, acceptance bills, letters of credit, factoring, guarantees, and bill discounting from banks, financial institutions, and other business partners. The guarantee methods include but are not limited to joint liability guarantees and mortgage guarantees, with specifics subject to the actual agreements signed. The above guarantee limit is valid for 12 months from the date of approval by the shareholders' meeting. Within this guarantee limit, the cumulative guarantee amount can be reused, but the actual external guarantee balance at any point in time shall not exceed RMB 6.79 billion. Within this limit, the Company will not submit each guarantee matter for separate review by the board of directors or shareholders' meeting, and the board authorizes the management to handle related matters.