002045SZSE

Progress Announcement on External Guarantees

GUOGUANG ELECTRIC COMPANY LIMITED··3 pages

✨ AI Summary

Guangkong Electronics announces progress on its external guarantees. The company has signed a RMB 50 million "Maximum Guarantee Contract" with Shanghai Pudong Development Bank for its subsidiary, Guangdong Guangkong Electronics. This is part of a previously approved RMB 2.82 billion credit line. The subsidiary's financial performance is strong, with significant assets and profits reported for 2024 and Q1-Q3 2025. No overdue guarantees or dishonest judgments are reported.

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Full Translation

AI Translation· gemini_document

Guangkong Electronics Co., Ltd. Announcement on Progress of External Guarantees Stock Code: 002045 Stock Abbreviation: Guangkong Electronics Serial Number: 2026-14 The Company and all members of its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and do not contain any false records, misleading statements, or major omissions.

I. Overview of Guarantee Situation

Guangkong Electronics Co., Ltd. (hereinafter referred to as "the Company" or "Guangkong Electronics") 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 proposal agreed that the Company would provide a total credit line of RMB 2.82 billion in guarantees for Guangdong Guangkong Electronics Co., Ltd. (hereinafter referred to as "Guangdong Guangkong Electronics") 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 next year's external guarantee matters. The outstanding guarantee balance 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) disclosed by the Company on Juchao Information Network (http://www.cninfo.com.cn) on April 29, 2025.

II. Progress of Guarantee

Recently, the Company signed relevant external guarantee contracts with banks to provide external guarantees for Guangdong Guangkong Electronics' credit applications. The details are as follows:

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