Yuan Longping Agricultural High-Tech Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
1. Overview of the Guarantee Situation
The Company held the 27th meeting of the 9th Board of Directors on April 16, 2026, and the 2025 Annual Shareholders' Meeting on May 8, 2026, where it approved the proposal regarding the controlling subsidiary's application for comprehensive credit from banks and providing guarantees for the year 2026. The Company agreed that its controlling subsidiary, Longping Agricultural Development Co., Ltd. (hereinafter referred to as "Longping Development"), and its subsidiaries would apply for a guarantee limit of RMB 1,150 million (or equivalent foreign currency). The guarantee methods include but are not limited to joint liability guarantees among Longping Development and its subsidiaries, with specifics defined in the signed contracts. The validity period of this guarantee limit is from the date of approval by the Company's 2025 Annual Shareholders' Meeting until the date of approval by the next Annual Shareholders' Meeting. For detailed content, please refer to the announcement published on April 18, 2026, on the Giant Tide Information Network (http://www.cninfo.com.cn) titled "Announcement on the Controlling Subsidiary's Application for Comprehensive Credit from Banks and Providing Guarantees" (Announcement No.: 2026-11).