Securities Code: 001230
Securities Abbreviation: Jinlv Environment
Announcement Number: 2026-042
Jinlv Environment Technology Co., Ltd. announces the progress of providing guarantees for its wholly-owned subsidiary.
Special Reminder: The debt-to-asset ratio of the guaranteed entity Jiangsu Jinmei Environmental Technology Co., Ltd. exceeds 70%, reminding investors to pay attention to the risks associated with this guarantee.
I. Overview of Guarantee Situation
(1) Expected External Guarantee Limit for 2026
To meet the operational and business development needs of Jinlv Environment Technology Co., Ltd. (hereinafter referred to as "the Company") and its wholly-owned subsidiaries, the Company plans to provide a total external guarantee limit not exceeding RMB 400 million for the year 2026 for subsidiaries included in the consolidated financial statements (including newly established or acquired wholly-owned and controlling subsidiaries). This expected external guarantee limit does not include previously reviewed but not yet expired or unused limits. Among this, the limit for providing guarantees to entities with a debt-to-asset ratio exceeding 70% is not more than RMB 200 million. The scope of guarantees includes but is not limited to financing guarantees (including financing leases) and performance guarantees arising from daily operations. Guarantee methods include but are not limited to general guarantees, joint liability guarantees, mortgages, and pledges. The above guarantee limits can be adjusted among subsidiaries, but when adjustments occur, for entities with a debt-to-asset ratio exceeding 70%, the guarantee limit can only be obtained from those entities without the need for a separate board or shareholder meeting for review. The expected guarantee limit is valid for 12 months from the date of approval by the Company's shareholders' meeting. The board proposes that the shareholders' meeting authorize the management to handle all matters related to the above guarantees on behalf of the Company.
(2) Review Procedures for Expected External Guarantee Limit for 2026
The Company held the second meeting of the third board of directors on April 22, 2026, and the annual shareholders' meeting on May 14, 2026, to review and approve the proposal regarding the expected external guarantee limit for 2026. The Company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.