Special Reminder:
- The company and its subsidiaries have not provided guarantees for entities outside the scope of the consolidated financial statements, nor are there any overdue guarantees.
- This guarantee is for a wholly-owned subsidiary within the consolidated financial statements and is primarily used for the subsidiary's bank credit application to meet its business development needs, with controllable risks.
Overview of the Guarantee Situation
Shenzhen Lianyu Optoelectronics Co., Ltd. (hereinafter referred to as "the Company" or "Lianyu") approved the proposal regarding the application for a comprehensive credit limit and external guarantee limit at the ninth meeting of the second board of directors and the eighth meeting of the second supervisory board held on August 26, 2025, and at the first extraordinary shareholders' meeting of 2025 held on September 16, 2025. The company agreed to provide guarantees for the comprehensive credit applications of certain holding subsidiaries within the consolidated financial statements, totaling no more than RMB 180 million (or equivalent foreign currency). Upon the effectiveness of the above guarantee limit, previously approved but unused guarantee limits will naturally expire. For detailed information, please refer to the announcement disclosed by the company on August 28, 2025, on the Giant Tide Information Network (www.cninfo.com.cn) regarding the application for a comprehensive credit limit and external guarantee limit.
Progress of the Guarantee Situation
Recently, the company signed an "Irrevocable Maximum Guarantee" with China Merchants Bank Co., Ltd. Shenzhen Branch, agreeing that the company will bear joint liability for all debts under the "Credit Agreement" signed between Guangdong Lianyu Intelligent Technology Co., Ltd. (hereinafter referred to as "Lianyu Intelligent") and China Merchants Bank, with a maximum guaranteed principal amount of RMB 30 million.