Guoguang Electric Appliance Co., Ltd. Announcement on Progress of External Guarantees Securities Code: 002045 Securities Abbreviation: Guoguang Electric Appliance Code: 2026-11 The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of this announcement and are not aware of any false representations, misleading statements, or material omissions. I. Overview of Guarantee Situation Guoguang Electric Appliance Co., Ltd. (hereinafter referred to as the "Company" or "Guoguang Electric Appliance") deliberated and approved the "Proposal on External Guarantees" at the 17th meeting of the 11th Board of Directors held on April 27, 2025, and the 2024 Annual Shareholders' Meeting held on May 19, 2025. The Company agreed to provide a total guarantee limit of RMB 282,000 million for Wuzhou Guoguang Technology Development Co., Ltd. (hereinafter referred to as "Wuzhou Guoguang") and others. The guarantee period shall be from the date of approval by the Shareholders' Meeting until the date of the Shareholders' Meeting to approve the external guarantee matters of the following year. The outstanding guarantee balance at any point during the guarantee period shall not exceed the guarantee limit approved by the Shareholders' Meeting. For details, please refer to the "Announcement on External Guarantees" (Announcement No.: 2025-33) published by the Company on Juchao Information Network (http://www.cninfo.com.cn) on April 29, 2025. II. Progress of Guarantees Recently, the Company signed relevant external guarantee contracts with banks to provide external guarantees for Wuzhou Guoguang's credit applications to banks. The specific situation is as follows:
| No. | Person Guaranteed | Guarantee Amount (RMB) | Guarantor | Creditor | Guarantee Type | Guarantee Period | Contract Name |
|---|---|---|---|---|---|---|---|
| 1 | Wuzhou Guoguang | 50,000,000 | China Construction Bank Co., Ltd. Wuzhou Branch | Joint liability guarantee | For each credit business handled by China Construction Bank Co., Ltd. Wuzhou Branch for Wuzhou Guoguang, the guarantee period is calculated from the signing date of the main contract of each credit business until three years after the expiration of the debt repayment period under the main contract. | "Maximum Guarantee Contract" (No.: HTC450640000ZGDB2026N00D) | |
| 2 | Wuzhou Guoguang | 10,000,000 | China Merchants Bank Co., Ltd. Nanning Branch | Joint liability guarantee | From the effective date of the guarantee letter until three years after the due date of each loan or other financing or the due date of the accounts receivable transferred by the bank under the "Credit Agreement", or three years after the date of each advance. For any ex |