Securities Code: 002102
Securities Abbreviation: ST Nengte
Announcement Number: 2026-064
Hubei Nengte Technology Co., Ltd.
Announcement on Wholly-Owned Subsidiary Nengte Company Applying for Comprehensive Credit Line from Financial Institution and Company Providing Guarantee
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Special Risk Warning:
Hubei Nengte Technology Co., Ltd. (hereinafter referred to as the "Company" or "this Company") held its Second Meeting of the Eighth Board of Directors on July 27, 2026, and deliberated and passed the "Proposal on Wholly-Owned Subsidiary Nengte Company Applying for Comprehensive Credit Line from Financial Institution and Indirect Controlling Shareholder Providing Guarantee and Company Providing Counter-Guarantee and Related Party Transactions," the "Proposal on Indirect Controlling Shareholder Providing Guarantee for Wholly-Owned Subsidiary Nengte Company's Comprehensive Credit Line and Company Providing Counter-Guarantee and Related Party Transactions," the "Proposal on Wholly-Owned Subsidiary Hubei Suomi Applying for Comprehensive Credit Line from Financial Institution and Wholly-Owned Subsidiary Shanghai Suomi Providing Guarantee," and the "Proposal on Wholly-Owned Subsidiary Nengte Company Applying for Comprehensive Credit Line from Financial Institution and Company Providing Guarantee." After these guarantee matters are deliberated and passed by the shareholders' meeting, the total approved external guarantee limit for the Company and its subsidiaries (including guarantees for wholly-owned and控股 subsidiaries) will reach RMB 347,976.92 million, accounting for 113.11% of the Company's audited net assets of RMB 307,632.99 million as of December 31, 2025. Investors are kindly requested to pay close attention to the guarantee risks!
I. Overview of Guarantee Situation
To meet the actual capital needs of the production and operation of its wholly-owned subsidiary Nengte Technology Co., Ltd. (hereinafter referred to as "Nengte Company"), it is proposed to apply to the Jingzhou Branch of Ping An Bank Co., Ltd. (hereinafter referred to as "Ping An Bank") for a comprehensive credit line of RMB 120 million, which will be used for working capital loans, trade financing, letters of credit, and other businesses. The credit line will be valid for one year, and the Company will provide a joint liability guarantee for the aforementioned credit line.
The Company's Board of Directors hereby requests the shareholders' meeting to authorize the legal representative of the Company to fully represent the Company in negotiating with the lending bank, signing relevant legal documents,