Announcement on Providing Guarantees to External Parties
Stock Code: 002045 Stock Abbreviation: Guǎngdōng Guāngdiàn Announcement No.: 2026-17
The Company and all members of its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and do not contain any false records, misleading statements, or significant omissions.
Special Reminder:
- The entities to be guaranteed this time include the Company's wholly-owned subsidiaries Guǎngdōng Guāngdiàn (Hong Kong) Co., Ltd. and Guǎngdōng Guāngdiàn (Vietnam) Co., Ltd. According to the latest financial data of these two companies, their asset-liability ratios both exceed 70%. Investors are advised to pay attention to the risks.
I. Overview of Guarantee Situation
Guǎngdōng Guāngdiàn Co., Ltd. (hereinafter referred to as the "Company") held its 25th meeting of the 11th Board of Directors on April 17, 2026, and deliberated and approved the "Proposal on Providing Guarantees to External Parties" by a vote of 7 in favor, 0 against, and 0 abstentions. The proposal agrees to provide a guarantee limit of RMB 3,364,000,000 for these companies. The guarantee period shall be from the date of approval by the shareholders' meeting to the date of the shareholders' meeting that reviews 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. This guarantee matter will be further submitted for deliberation at the 2025 shareholders' meeting.
II. Guarantee Limit for External Guarantees
To support the development of its subsidiaries, based on a comprehensive analysis of their profitability, solvency, and risks, it is agreed that the Company and its holding subsidiaries will provide a certain guarantee limit for external guarantees in 2026. The guarantee period shall be from the date of approval by the shareholders' meeting to the date of the shareholders' meeting that reviews 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.
- The Company's external guarantee limit is as follows:
| Guarantor | Guaranteed Party | Shareholding Ratio | Latest One-Period Asset-Liability Ratio | Balance as of 2025 | New Guarantee Amount | 2026 Guarantee Limit | Guarantee Limit as a Percentage of the Company's Latest Audited Net Assets | Whether it is a Related Party Guarantee |
|---|---|---|---|---|---|---|---|---|
| Guǎngdōng Guāngdiàn Co., Ltd. | Guǎngdōng Guāngdiàn (Hong Kong) Co., Ltd. | 100% | 89.23% | 5,000 | 43,000 | 85,000 | 19.83% | No |
| Guǎngdōng Guāngdiàn Co., Ltd. | Guangdong Guāngdiàn Electronics Co., Ltd. | 100% | 55.81% | 18,222 | -2,000 | 60,000 | 14.00% | No |
| Guǎngdōng Guāngdiàn Co., Ltd. | Guǎngdōng Guāngdiàn (Vietnam) Co., Ltd. | 100% | 84.82% | 28,141 | -12,000 | 48,000 | 11.2% | No |
| Guǎngdōng Guāngdiàn Co., Ltd. | Guǎngdōng Guāngdiàn (Vietnam) Co., Ltd. | 100% | 57.35% | - | 24,000 | 32,000 | 7.47% | No |
| Guǎngdōng Guāngdiàn Co., Ltd. | Wuzhou Guāngdiàn Technology Development Co., Ltd. | 100% | 56.53% | 27,386 | - | 65,000 | 15.16% | No |
| Guǎngdōng Guāngdiàn Co., Ltd. | Guǎngdōng Electronics (Jiangxi) Co., Ltd. | 100% | 33.35% | 1,900 | 2,000 | 22,000 | 5.13% | No |
| Guǎngdōng Guāngdiàn Co., Ltd. | Guǎngdōng Electronics (Vietnam) Co., Ltd. | 100% | 26.36% | - | -800 | 1,200 | 0.28% | No |
Considering the Company's business characteristics, the Board of Directors proposes to authorize the Chairman or the Company's management to adjust the estimated guarantee amount for subsidiaries within the total guarantee limit as needed. This includes subsidiaries included in the consolidated financial statements (including but not limited to the holding subsidiaries listed above, as well as those already established or to be newly included in the consolidated scope). However, entities with an asset-liability ratio exceeding 70% can only obtain adjustments from entities with an asset-liability ratio exceeding 70%. To improve the efficiency of the Company's decision-making, the Board of Directors proposes to authorize the Chairman or the Company's management to approve relevant matters within the aforementioned guarantee limit and to sign relevant legal documents.