Overview of Guarantees
Ningbo Yibin Electronics Technology Co., Ltd. (hereinafter referred to as "the Company") held its third meeting of the fourth board of directors on April 13, 2026, and the annual shareholders' meeting on May 12, 2026, to review and approve the proposal regarding the estimated guarantee limit. The following resolutions were made: The Company and its subsidiaries are expected to provide guarantees for financing within the bank credit limit of no more than RMB 1.2 billion, including new guarantees and extensions or renewals of existing guarantees. Within this limit, the Company will provide guarantees of no more than RMB 950 million for its subsidiaries (expected to provide cumulative guarantees of no more than RMB 380 million for guaranteed entities with a debt-to-asset ratio of over 70%), while subsidiaries will provide guarantees of no more than RMB 250 million for the Company. The scope of the guarantees includes but is not limited to financing guarantees for financing business and performance guarantees for daily operations. The types of guarantees include general guarantees, joint liability guarantees, mortgages, pledges, etc. The above guarantee limit does not equal the actual guarantee amount, which shall be determined based on the guarantee contracts signed between financial institutions and the Company or its subsidiaries. The guarantee period shall be based on the specific guarantee contracts signed. Within the above limit, the Company and its subsidiaries can handle the relevant guarantee business without convening additional board or shareholders' meetings. The shareholders' meeting authorizes the management to implement specific matters and sign the corresponding documents within the above guarantee limit. This authorization is valid from the date of approval by the 2025 annual shareholders' meeting until the end of the 2026 annual shareholders' meeting. The external guarantee limit is based on the Company's current business situation. If new subsidiaries are added during the year or if there are changes in actual production and operation, the Company and its subsidiaries can adjust the guarantee limit internally. 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 major omissions.
Recent Guarantees Implemented
Within the scope approved by the shareholders' meeting, the Company recently implemented the following guarantee: The Company provided a joint liability guarantee of RMB 160 million for Ningbo Yiyu Automotive Parts Co., Ltd. at the Ningbo branch of Shanghai Pudong Development Bank Co., Ltd. The specific details of this guarantee are as follows: