Hongrun Construction Group Co., Ltd.
Announcement on Providing Guarantees for Subsidiaries in 2026
The company and all members of its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are jointly and severally liable for any false representations, misleading statements, or material omissions.
Hongrun Construction Group Co., Ltd. (hereinafter referred to as the "Company") held the ninth meeting of the eleventh board of directors on April 22, 2026, and deliberated and passed the "Proposal on Providing Guarantees for Subsidiaries in 2026". The relevant matters are hereby announced as follows:
I. Guarantee Situation
To ensure the normal production and operation of its subsidiaries and based on the company's business development and financing needs, the company has decided to provide bank loan guarantees for its subsidiaries totaling no more than RMB 2.25 billion in 2026. Details are as follows:
| Guarantor | Guaranteed Party | Shareholding Ratio (%) | Latest Balance Sheet Debt-to-Asset Ratio (%) | Outstanding Guarantee Amount (RMB 10,000) | 2026 Guarantee Quota (RMB 10,000) | Quota as a Percentage of Listed Company's Latest Net Assets (%) | Is it a Related Party Guarantee? |
|---|---|---|---|---|---|---|---|
| Hongrun Construction Group Co., Ltd. | Shanghai Taiyang Green Energy Co., Ltd. and its holding subsidiaries | 100% | 63.28% | 0 | 50,000 | 10.21% | No |
| Shares Co., Ltd. | Hongrun New Energy Investment Co., Ltd. and its holding subsidiaries | 100% | 68.33% | 12,689.22 | 170,000 | 34.71% | No |
| Shanghai Hongrun Times Technology Co., Ltd. and its holding subsidiaries | 100% | 68.32% | 0 | 5,000 | 1.02% | No | |
| Total | 100% | - | 12,689.22 | 225,000 | 45.94% | No |