Securities Code: 001218 Securities Abbreviation: Lichen Industry Announcement No.: 2026-008
Hunan Lichen Industry Co., Ltd.
Announcement on the Company's and Wholly-owned Subsidiary's Application for Credit Limits and Guarantee Matters from Banks for the Year 2026
The Company and all members of the Board of Directors guarantee that the content of the information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
Hunan Lichen Industry Co., Ltd. (hereinafter referred to as "the Company" or "Lichen Industry") held the sixth meeting of the sixth session of the Board of Directors on April 22, 2026, in the company conference room, combining on-site and communication methods, and approved the proposal regarding the Company's and its wholly-owned subsidiaries' application for credit limits and guarantee matters from banks for the year 2026. According to relevant laws and regulations and the Articles of Association of Hunan Lichen Industry Co., Ltd. (hereinafter referred to as "the Articles of Association"), this proposal needs to be submitted to the Company's 2025 Annual General Meeting for deliberation. The relevant matters are announced as follows:
I. Overview of the Company's and Wholly-owned Subsidiaries' Application for Credit and Guarantee from Banks for the Year 2026
According to the Company's operational plan, in order to meet the funding needs for daily production operations and business development, the Company and its wholly-owned subsidiaries within the consolidated financial statements plan to apply for a comprehensive credit limit of no more than RMB 990 million from banks in 2026. At the same time, the Company intends to provide guarantees for the credit applications and other financing matters of its wholly-owned subsidiaries within the consolidated financial statements, including Hunan Lichen Aowei Industry Co., Ltd. (hereinafter referred to as "Lichen Aowei"), Shanghai Aowei Daily Chemical Co., Ltd. (hereinafter referred to as "Shanghai Aowei"), Shanghai Liweida Supply Chain Co., Ltd. (hereinafter referred to as "Shanghai Liweida"), and Guangdong Lichen Aowei Industry Co., Ltd. (hereinafter referred to as "Guangdong Aowei") for the year 2026, with a total guarantee amount not exceeding RMB 700 million. The scope of guarantees includes but is not limited to applying for comprehensive credit, loans, bank acceptance bills, opening letters of credit, and other financing or conducting other daily business operations; the types of guarantees include guarantees, mortgages, pledges, etc. The authorization period for this credit and external guarantee limit is effective from the date of approval by the Company's 2025 Annual General Meeting until the date of the Company's 2026 Annual General Meeting. During the credit period, the credit limit can be reused.