Lanzhou Huanghe Enterprise Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
1. Overview of Guarantees
The Company held the 18th meeting of the 12th Board of Directors on December 12, 2025, and the 6th extraordinary general meeting of shareholders on December 30, 2025, to review and approve the proposal for the application of comprehensive credit to provide guarantee quotas for subsidiaries in 2026. The total guarantee quota for the Company and its subsidiaries (including existing and newly established wholly-owned and controlling subsidiaries within the authorization period) for 2026 shall not exceed RMB 350 million. Among this, the guarantee quota for subsidiaries with a debt-to-asset ratio below 70% shall not exceed RMB 320 million, and for subsidiaries with a debt-to-asset ratio of 70% or above, it shall not exceed RMB 30 million. The shareholders' meeting authorized the management to adjust the guarantee quotas for subsidiaries within the expected guarantee quota range. For specific details, please refer to the announcement disclosed by the Company on December 13, 2025, in "China Securities Journal," "Securities Times," and on the website of Giant Tide Information (http://www.cninfo.com.cn) (Announcement No.: 2025 (Temporary) -83).
2. Adjustment of Guarantee Quotas
To meet the business development needs and actual operational requirements of subsidiaries, the management adjusted the unused guarantee quota of RMB 20 million from the subsidiary Huanghe (Chongqing) Beverage Co., Ltd. (hereinafter referred to as "Chongqing Huanghe") to the subsidiary Tianshui Huanghe Jianiang Beer Co., Ltd. (hereinafter referred to as "Tianshui Jianiang"). The specific situation of the guarantee quota adjustment among subsidiaries is as follows:
| Guarantor | Guaranteed Party | Debt-to-Asset Ratio | Approved Guarantee Quota | Used Guarantee Quota | Available Guarantee Quota | Adjusted Guarantee Quota | Adjusted Guarantee Quota After Adjustment | Available Guarantee Quota After Adjustment |
|---|---|---|---|---|---|---|---|---|
| Company and Subsidiaries | Tianshui Jianiang | Below 70% | 30,000.00 | 0.00 | 30,000.00 | 20,000.00 | 50,000.00 | 50,000.00 |
| Company and Subsidiaries | Chongqing Huanghe | Below 70% | 100,000.00 | 0.00 | 100,000.00 | -20,000.00 | 80,000.00 | 80,000.00 |
The above guarantee quota adjustment is made among subsidiaries with a debt-to-asset ratio below 70%. After the adjustment, the total guarantee quota provided by the Company and its subsidiaries for subsidiaries with a debt-to-asset ratio below 70% remains at RMB 320 million. The guarantee quota adjustment has been authorized by the Company's 6th extraordinary general meeting of shareholders and does not require further submission for Board or shareholder review.