Overview of the Guarantee Situation
Shaanxi Meino Clean Energy Group Co., Ltd. (hereinafter referred to as "the Company") held the 15th meeting of the third board of directors on August 25, 2025, and the first extraordinary general meeting of shareholders in 2025 on September 11, 2025. Both meetings approved the proposal to provide guarantees for the 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 apply for domestic letters of credit from China Merchants Bank Co., Ltd. Xi'an Branch (hereinafter referred to as "China Merchants Bank Xi'an Branch"). The Company agreed to provide a total guarantee amount not exceeding RMB 200 million for the two wholly-owned subsidiaries, with the guarantee period starting from the date of approval by the general meeting of shareholders for two years. Specific details can be found in the announcements disclosed by the Company on August 27, 2025, and September 12, 2025, on the Giant Tide Information Network (www.cninfo.com.cn) under the announcement numbers: 2025-020, 2025-027, and 2025-029.
Progress of the Guarantee
Recently, the Company signed two "Maximum Irrevocable Guarantee Letters" with China Merchants Bank Xi'an Branch, providing a guarantee amount of RMB 70 million for Baoji Meino and RMB 130 million for Shenmu Meino, totaling RMB 200 million. The Company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions. The above guarantee matters are within the approved guarantee limit of the Company and do not require further review by the board of directors or the shareholders' meeting.