001309SZSE
🚨 Material Event

Progress Announcement on Providing Guarantees for Wholly-Owned Subsidiary

✨ AI Summary

Shenzhen Demingli Technology Co., Ltd. has provided guarantees for its wholly-owned subsidiary, Yuande (Hong Kong) Limited, totaling approximately RMB 421.31 million. The company has authorized its chairman to manage guarantee operations within a limit of RMB 5 billion. As of the announcement date, the total guarantees provided amount to RMB 206.50 million, representing 63.16% of the company's audited net assets for 2025.

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Full Translation

AI Translation· azure_openai

Shenzhen Demingli Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Special Risk Warning:

  1. As of the date of this announcement, the Company has provided guarantees for its wholly-owned subsidiary Yuande (Hong Kong) Limited (hereinafter referred to as "Yuande"), which has a debt-to-asset ratio exceeding 70%. The cumulative amount of guarantee contracts is USD 200 million and RMB 2.85 billion, which, based on the exchange rate of 6.8157 RMB per USD on June 5, 2026, is equivalent to RMB 4,213.14 million. The total actual guarantees provided by the Company amount to RMB 2,064.99 million, accounting for 63.16% of the Company's audited net assets for 2025. All of the aforementioned guarantees are provided by the Company to its wholly-owned subsidiary Yuande.
  2. The Company and its subsidiaries have no external guarantees outside the scope of the consolidated financial statements, nor are there any overdue guarantees. Investors are advised to pay close attention to guarantee risks.

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