Securities Code: 000988 Securities Abbreviation: Huagong Technology Announcement No.: 2026-06 Huagong Technology Industrial Co., Ltd. Announcement on Increasing Guarantee Limit for Wholly-Owned Subsidiary The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false representations, misleading statements, or material omissions.
Huagong Technology Industrial Co., Ltd. (hereinafter referred to as "Huagong Technology" or the "Company") held its 21st meeting of the 9th Board of Directors on January 27, 2026, and reviewed and approved the "Proposal on Increasing Guarantee Limit for Wholly-Owned Subsidiary." The Company plans to increase the bank financing guarantee limit for its wholly-owned subsidiary, Wuhan Huagong International Development Co., Ltd. (hereinafter referred to as "Huagong International"), by RMB 500 million. The validity period will be from the date of approval by the shareholders' meeting until the date of approval of a new guarantee plan by the next shareholders' meeting (within 12 months from the date of approval by the shareholders' meeting). The specific details are hereby announced as follows:
I. Overview of Guarantee Situation
- Basic Situation of Previous Guarantee Limit Forecast The Company held the 19th meeting of the 9th Board of Directors on December 1, 2025, and the 4th extraordinary shareholders' meeting of 2025 on December 17, 2025, and reviewed and approved the "Proposal on Providing Guarantees for Holding Subsidiaries." It was agreed that the Company would provide guarantees for bank financing for 25 wholly-owned and holding subsidiaries, with a total guarantee amount controlled within RMB 8.67 billion. The guarantee period will be from the date of approval by the shareholders' meeting until the date of approval of a new guarantee plan by the next shareholders' meeting (within 12 months from the date of approval by the shareholders' meeting). For details of the announcement, please refer to the "Announcement on Providing Guarantees for Holding Subsidiaries" disclosed by the Company in designated media on December 2, 2025 (Announcement No.: 2025-67).