Zhejiang Southeast Network Framework Co., Ltd. (hereinafter referred to as "the Company") and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or major omissions.
Special Reminder: The Company expects that the total guarantee limit for the consolidated scope of the Company for the year 2026 will not exceed RMB 680 million, accounting for 104.61% of the latest audited net assets. The guarantee limit for subsidiaries within the consolidated scope with a debt-to-asset ratio exceeding 70% will not exceed RMB 445 million, accounting for 68.46% of the latest audited net assets. The Company does not provide guarantees for entities outside the consolidated scope. Investors are advised to pay close attention to guarantee risks.
1. Overview of Guarantees
Zhejiang Southeast Network Framework Co., Ltd. held the 30th meeting of the 8th Board of Directors on March 10, 2026, where it reviewed and approved the proposal regarding the estimated external guarantee limit for 2026. To meet the operational and business development funding needs of its subsidiaries, and to improve the efficiency of financing applications to financial institutions, the Company plans to continue providing guarantees for its subsidiaries within the consolidated scope in 2026, with a total limit not exceeding RMB 680 million. Among this, the guarantee limit for subsidiaries with a debt-to-asset ratio above 70% will not exceed RMB 445 million, while the limit for those below 70% will not exceed RMB 235 million. The guarantee scope includes but is not limited to applications for comprehensive credit, loans, acceptance bills, letters of credit, factoring, guarantees, and financing leases; guarantee methods include guarantees, mortgages, and pledges. The above guarantee limits include new guarantees and extensions or renewals of existing guarantees, with the actual guarantee amount subject to the final signed guarantee contracts. The validity period of this guarantee limit is 12 months from the date of approval by the first extraordinary general meeting of shareholders in 2026.
The board of directors requests the shareholders' meeting to authorize the general manager or their designated representatives to approve the guarantee matters for each subsidiary within the estimated guarantee limit and to adjust the guarantee limits among subsidiaries, as well as to sign relevant guarantee agreements and other legal documents. Within the above limit, the Company and its subsidiaries will handle the business within the guarantee scope without submitting each guarantee matter for further review by the board of directors or shareholders' meeting. For guarantees exceeding the above limit, the Company will timely perform the corresponding approval procedures and information disclosure obligations in accordance with relevant laws and regulations. According to the Company Law, the Articles of Association, and other relevant regulations, this guarantee matter still needs to be submitted for approval at the first extraordinary shareholders' meeting of 2026.
2. Specific Estimated Guarantee Limits
- The estimated guarantee situation for the most recent period for guaranteed parties with a debt-to-asset ratio exceeding 70% is as follows: