Special Reminder
This announcement pertains to Hefei Snowkye Electric Co., Ltd.'s plan to provide a guarantee for its wholly-owned subsidiary, Hong Kong Snowkye Electric Co., Ltd., with an estimated limit not exceeding RMB 50 million. The subsidiary's recent asset-liability ratio exceeds 70%, and investors are advised to pay attention to the associated risks.
1. Overview of the Guarantee
To meet the business development needs of Hong Kong Snowkye Electric Co., Ltd. (hereinafter referred to as "Hong Kong Snowkye") and to enhance decision-making efficiency, Hefei Snowkye Electric Co., Ltd. (hereinafter referred to as "the Company" or "Snowkye Electric") intends to provide a guarantee for Hong Kong Snowkye. The estimated new guarantee limit is not to exceed RMB 50 million, and the forms of guarantee may include but are not limited to credit guarantees (including general guarantees, joint liability guarantees, etc.), mortgage guarantees, pledge guarantees, or a combination of various guarantee methods.
On June 4, 2026, the Company held the tenth meeting of the second board of directors, which approved the proposal regarding the estimated guarantee limit for the wholly-owned subsidiary. According to the "Shenzhen Stock Exchange Stock Listing Rules" and the "Self-Regulatory Guidelines No. 1 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of Main Board Listed Companies," this matter still requires submission to the shareholders' meeting for review. The above guarantee limit will be valid for one year from the date of approval by the shareholders' meeting, and matters arising within this limit will further authorize the Company's management to organize implementation and sign guarantee agreements and other related documents.