Shanghai Hongying Intelligent Technology Co., Ltd. Announcement on Progress of External Guarantees
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
I. Overview of Guarantee Situation
Shanghai Hongying Intelligent Technology Co., Ltd. (hereinafter referred to as the "Company") held its Second Board of Directors' Fifteenth Meeting on January 22, 2026, and its 2026 First Extraordinary General Meeting on February 9, 2026. The Proposal on the Estimated Quota for External Guarantees in 2026 was deliberated and approved. It was agreed that the Company and its subsidiaries included in the consolidated financial statements would provide guarantees totaling no more than RMB 1.8 billion for subsidiaries included in the consolidated financial statements. These guarantees are for applications for comprehensive credit lines, loans, acceptance drafts, letters of credit, factoring, guarantees, asset pools, installment payment services, and bill discounts in their daily operating activities. Among them, the guarantee quota for subsidiaries included in the consolidated financial statements with an asset-liability ratio exceeding 70% shall not exceed RMB 1.65 billion, and the guarantee quota for subsidiaries included in the consolidated financial statements with an asset-liability ratio below 70% shall not exceed RMB 150 million. For details, please refer to the "Announcement on the Estimated Quota for External Guarantees in 2026" (Announcement No.: 2026-006) and the "Announcement on the Resolution of the 2026 First Extraordinary General Meeting" (Announcement No.: 2026-015) disclosed by the Company on the Juchao Information Network (www.cninfo.com.cn) on January 24, 2026, and February 10, 2026, respectively.
II. Progress of Guarantees
- Guarantees provided to entities with an asset-liability ratio above 70%
Recently, the Company provided a guarantee for its wholly-owned subsidiary. The specific situation is as follows:
| Serial Number | Guarantor | Guaranteed Party | Maximum Outstanding Amount of Debt | Guarantee Period | Purpose of Guarantee |
|---|---|---|---|---|---|
| 1 | Shanghai Hongying Intelligent Technology Co., Ltd. | Shanghai Hongying New Energy Technology Co., Ltd. | RMB 130 million | 3 years | To undertake joint and several liability for the creditor's rights arising from the "Maximum Amount Financing Contract" signed between Shanghai Hongying New Energy Technology Co., Ltd. and the Shanghai Changjiang Integrated Demonstration Zone Branch of Shanghai Rural Commercial Bank Co., Ltd. The maximum outstanding amount of debt guaranteed by the guarantor is RMB 130 million. |
This external guarantee matter is within the Company's 2026 external guarantee quota and does not require separate convening of the Board of Directors and Shareholders' Meeting for approval.
III. Basic Information of the Guaranteed Party