001323SZSE

Announcement on the Company's Guarantee for Its Wholly-Owned Subsidiary

✨ AI Summary

The company has provided guarantees for its wholly-owned subsidiaries to support their financing needs. The total guarantee amount is RMB 201 million, covering three subsidiaries. This decision follows internal approvals and aims to facilitate business operations while ensuring financial stability.

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Full Translation

AI Translation· azure_openai

The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.

I. Overview of the Guarantee

(1) Basic Situation of the Guarantee

To meet the operational needs of the company, Dongguan Mosi Bedding Sales Co., Ltd. (hereinafter referred to as "Mosi Sales"), Chongqing Muya Fashion Home Co., Ltd. (hereinafter referred to as "Muya Fashion"), and Dongguan Aimu Bedding Co., Ltd. (hereinafter referred to as "Dongguan Aimu") signed a "Credit Limit Contract" with Guangfa Bank Co., Ltd. Shenzhen Branch (hereinafter referred to as "Guangfa Bank" or "Financing Bank") on January 15, 2026. In conjunction with the "Maximum Guarantee Contract" signed between Mosi Health Sleep Co., Ltd. (hereinafter referred to as "Mosi" or "the Company") and Guangfa Bank, the company assumes joint repayment obligations for all debts incurred by Mosi Sales, Muya Fashion, and Dongguan Aimu under the credit financing limits granted by the financing bank. The specific details are as follows:

Credit Unit / Guaranteed PartyGuarantorCredit Bank / CreditorGuarantee Amount (10,000 RMB)
Mosi SalesMosiGuangfa Bank20,000
Muya FashionMosiGuangfa Bank10,000
Dongguan AimuMosiGuangfa Bank3,000

(2) Internal Decision-Making Process for the Guarantee

On April 24, 2025, and May 16, 2025, the company held the 14th meeting of the second board of directors and the 2024 annual general meeting, respectively, to review and approve the proposal regarding the company's and subsidiaries' application for comprehensive credit limits from banks and providing guarantees for subsidiaries in 2025. The company agreed to provide a joint liability guarantee for a total credit limit not exceeding RMB 4 billion (including the principal) for its subsidiaries (all within the scope of consolidated financial statements) for the year 2025, effective for 12 months from the date of approval by the company's 2024 annual general meeting. Within the aforementioned guarantee limit, the specific guarantee amounts and guarantee periods shall be subject to the actual signed agreements, and guarantees may be applied for multiple times. For detailed content, please refer to the announcement disclosed by the company on April 25, 2025, regarding the application for comprehensive credit limits and providing guarantees for subsidiaries (Announcement No.: 2025-021). This guarantee falls within the approved guarantee limit and effective period by the company's 2024 annual general meeting, and does not require further internal decision-making procedures.

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