Securities Code: 001301
Securities Abbreviation: Shangtai Technology
Announcement Number: 2026-054
Convertible Bond Code: 127112
Convertible Bond Abbreviation: Shangtai Convertible Bond
Shijiazhuang Shangtai Technology Co., Ltd. Progress Announcement on Applying for Comprehensive Credit Limits and Guarantees from Banks and Financial Institutions for 2026
Special Reminder:
- Guaranteed Party: Wholly-owned subsidiary Shangtai Tech (Hong Kong) Co., Limited (hereinafter referred to as "Shangtai (Hong Kong)"), as of March 31, 2026, the company's debt-to-asset ratio exceeds 70% (unaudited).
- The guarantee amount is RMB 155 million for loan principal and interest, with the total guarantee balance for the company and its subsidiaries approximately RMB 772.91 million (including this guarantee).
- Is there a counter-guarantee for this guarantee? No.
- The cumulative number of overdue external guarantees: None.
I. Overview of the Application for Comprehensive Credit Limits and Guarantees for 2026
Shijiazhuang Shangtai Technology Co., Ltd. (hereinafter referred to as "the Company") held the 25th meeting of the second board of directors on November 24, 2025, and the third extraordinary general meeting of shareholders on December 15, 2025, where it reviewed and approved the proposal on the application for comprehensive credit limits from banks and financial institutions for the Company, subsidiaries, and grand-subsidiaries for 2026. The Company and its subsidiaries and grand-subsidiaries are authorized to apply for a comprehensive credit limit not exceeding RMB 6 billion, valid for twelve months from the date of approval by the shareholders' meeting. The Company will ensure that the information disclosed by its wholly-owned subsidiary Shanxi Shangtai Lithium Battery Technology Co., Ltd. (hereinafter referred to as "Shanxi Shangtai"), the Company itself, and all members of the board of directors is true, accurate, complete, and free from false records, misleading statements, or significant omissions.