Announcement on Progress of External Guarantee
Stock Code: 002045 Stock Abbreviation: Guoguang Electric Announcement No.: 2025-84
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and there are no false records, misleading statements, or material omissions.
Special Reminder: The guaranteed party is the Company's wholly-owned subsidiary, Guoguang Electronics (Vietnam) Co., Ltd. (hereinafter referred to as "Guoguang Vietnam"). According to Guoguang Vietnam's latest financial data (unaudited), its asset-liability ratio exceeds 70%. This guarantee amount is within the scope of the guarantee amount approved by the Company's 2024 Annual General Meeting of Shareholders. Investors are advised to pay attention to the risks.
I. Overview of Guarantee Situation
Guoguang Electric Appliance Co., Ltd. (hereinafter referred to as the "Company" or "Guoguang Electric") held the 17th meeting of the 11th Board of Directors on April 27, 2025, and the 2024 Annual General Meeting of Shareholders on May 19, 2025. Both meetings approved the "Proposal on External Guarantees," agreeing that the Company would provide a total guarantee of RMB 2,820 million for Guoguang Electronics (Vietnam) Co., Ltd. (hereinafter referred to as "Guoguang Vietnam"), Guangdong Guoguang Electronics Co., Ltd. for Guoguang Electronics (Jiangxi) Co., Ltd. and Guoguang Electronics (Vietnam) Co., Ltd. The guarantee period is from the date of approval by the shareholders' meeting until the date of the shareholders' meeting that reviews the next external guarantee matter. The balance of the guarantee at any point during the guarantee period shall not exceed the guarantee amount approved by the shareholders' meeting. For details, please refer to the "Announcement on External Guarantees" (Announcement No.: 2025-33) published by the Company on the Juchao Information Network (http://www.cninfo.com.cn) on April 29, 2025.