Shenzhen Demingli Technology Co., Ltd. Announcement on Increasing the Company's Estimated Guarantee Limit for 2026
The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder: The estimated guarantee limit for 2026 has exceeded 100% of the company's latest audited net assets and 30% of the latest audited total assets. All such guarantees are provided for Yuan De (Hong Kong) Limited, a wholly-owned subsidiary with a debt-to-asset ratio exceeding 70%. If this increase in the estimated guarantee limit for 2026 is approved by the shareholders' meeting, the total guarantee amount for Yuan De in 2026 will not exceed RMB 10 billion (or equivalent foreign currency). The estimated guarantee limit is not the actual guarantee amount, which will depend on the actual signed and executed guarantee contracts. Investors are advised to pay attention to the related risks.
On June 4, 2026, the company held the 43rd meeting of the second board of directors, where the proposal to increase the estimated guarantee limit for 2026 was approved. According to the relevant regulations of the "Shenzhen Stock Exchange Self-Regulatory Guidelines No. 1 - Standard Operation of Main Board Listed Companies," the company's articles of association, and the company's external guarantee system, the above-mentioned increase in the estimated guarantee limit must be submitted to the shareholders' meeting for approval and must be passed by more than two-thirds of the voting rights held by shareholders present at the meeting. The relevant matters are announced as follows:
1. Overview of the Guarantee Situation
Based on Yuan De's current business operations and the actual situation of the guarantees already provided, the company intends to increase the total guarantee amount for Yuan De to not exceed RMB 5 billion (or equivalent foreign currency) to support Yuan De in applying for comprehensive credit from financial institutions or other daily operational needs. The guarantee methods include but are not limited to guarantees, mortgages, and pledges. The estimated validity period of this guarantee limit is from the date of approval by the shareholders' meeting until the day before the 2026 annual shareholders' meeting, and the guarantee limit can be reused within the validity period.