Announcement on Providing Guarantee for Opening Letters of Credit for Wholly-Owned Subsidiaries
Shenzhen Meino Energy Group Co., Ltd. (hereinafter referred to as "the Company") held the fifteenth meeting of the third board of directors on August 25, 2025, and approved the proposal on providing guarantees for its wholly-owned subsidiaries, Baoji Meino Natural Gas Co., Ltd. (hereinafter referred to as "Baoji Meino") and Shenmu Meino Natural Gas Co., Ltd. (hereinafter referred to as "Shenmu Meino") to open letters of credit. The specific circumstances are announced as follows:
1. Overview of the Guarantee
The wholly-owned subsidiaries Baoji Meino and Shenmu Meino plan to apply to "China Merchants Bank Co., Ltd. Xi'an Branch" for opening "domestic letters of credit" for settling supplier payments during their raw material procurement operations. To support the business development of the subsidiaries, the Company intends to provide guarantees for the two subsidiaries, with a total guarantee amount not exceeding RMB 200 million, and the guarantee period will be two years from the date of approval by the shareholders' meeting. This guarantee does not constitute a related party transaction, nor does it constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies." According to the "Shenzhen Stock Exchange Stock Listing Rules" and "Self-Regulatory Guidelines No. 1 for Listed Companies on the Main Board," this guarantee matter still needs to be submitted for approval by the shareholders' meeting. The Company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.