Securities Code: 002102
Securities Abbreviation: ST Nengte
Announcement No.: 2026-062
Hubei Nengte Technology Co., Ltd.
Announcement on Indirect Controlling Shareholder Providing Guarantee for Wholly-owned Subsidiary's Credit Line and Company Providing Counter-guarantee, a Related Party Transaction
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false representations, misleading statements, or material 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 reviewed and approved the "Proposal on Wholly-owned Subsidiary Nengte Company Applying for a Comprehensive Credit Line from Financial Institutions with Guarantee from Indirect Controlling Shareholder and Counter-guarantee from the Company, a Related Party Transaction," "Proposal on Indirect Controlling Shareholder Providing Guarantee for Wholly-owned Subsidiary Nengte Company's Comprehensive Credit Line and Company Providing Counter-guarantee, a Related Party Transaction," "Proposal on Wholly-owned Subsidiary Hubei Sumei Applying for a Comprehensive Credit Line from Financial Institutions with Guarantee from Wholly-owned Subsidiary Shanghai Sumei," and "Proposal on Wholly-owned Subsidiary Nengte Company Applying for a Comprehensive Credit Line from Financial Institutions with Guarantee from the Company." After the above guarantee matters are reviewed and approved by the shareholders' meeting, the total approved external guarantee (including guarantees for wholly-owned and controlled subsidiaries) for the Company and its subsidiaries will reach 347,976.92 million yuan, accounting for 113.11% of the Company's audited net assets of 307,632.99 million yuan as of December 31, 2025. Investors are kindly reminded to pay close attention to the guarantee risks!
I. Overview of Related Party Guarantee Situation
The Company's wholly-owned subsidiary, Nengte Technology Co., Ltd. (hereinafter referred to as "Nengte Company"), has applied for comprehensive credit line quotas from financial institutions, namely China Everbright Bank Co., Ltd. Wuhan Branch (hereinafter referred to as "Everbright Bank") and Agricultural Bank of China Co., Ltd. Jingzhou Branch (hereinafter referred to as "Agricultural Bank") in 2026. The parent company of the Company's controlling shareholder, Hubei Jingjiang Industrial Investment Group Co., Ltd. (hereinafter referred to as "Jingjiang Industrial"), namely Jingzhou City Urban Development Investment Group Co., Ltd. (hereinafter referred to as "Chenfa Group"), will provide joint liability guarantee for the aforementioned comprehensive credit line quotas, and the Company will provide a counter-guarantee for Chenfa Group's aforementioned guarantee. The specific situation is as follows:
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Nengte Company applied to Everbright Bank for a comprehensive credit line of 65 million yuan (currency as stated) in 2026 for working capital loans, trade financing, letters of credit, and other businesses. The credit line period is one year, and the Company provided a joint liability guarantee. Now, Chenfa Group will provide a joint liability guarantee for the aforementioned credit line quota, and the Company will provide a counter-guarantee for Chenfa Group's aforementioned guarantee.
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Nengte Company applied to Agricultural Bank for a comprehensive credit line of 250 million yuan in 2026 for working capital loans, trade financing, letters of credit, and other businesses. The credit line period is one year. Originally, the Company and Nengte Technology (Jingmen) Co., Ltd. (hereinafter referred to as "Jingmen Nengte") provided a joint liability guarantee. Now, it has been changed to Chenfa Group providing a joint liability guarantee for the aforementioned credit line quota, and the Company will provide a counter-guarantee for Chenfa Group's aforementioned guarantee.