002176SZSE

Progress Announcement on Providing Guarantees for Subsidiaries

Jiangxi Special Electric Motor Co., Ltd.·February 13, 2026

✨ AI Summary

Jiangxi Special Electric Motor Co., Ltd. has approved a guarantee limit of up to RMB 280 million for its subsidiaries. Recently, the company signed a guarantee contract with a bank for RMB 45 million. As of the announcement date, the total actual guarantee amount is RMB 1.23 billion, accounting for 35.09% of the company's audited net assets attributable to the parent company. There are no overdue guarantees or litigation-related guarantees.

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Full Translation

AI Translation· azure_openai

1. Overview of Guarantees

Jiangxi Special Electric Motor Co., Ltd. (hereinafter referred to as "the Company") held the 20th meeting of the 10th Board of Directors on March 10, 2025, where it reviewed and approved the proposal regarding the estimated guarantee limit for the Company and its subsidiaries for the year 2025. The Company agreed to provide a total guarantee limit not exceeding RMB 280 million for the daily operational matters of its subsidiaries, effective for one year from the date of approval by the shareholders' meeting. This matter was approved at the first extraordinary shareholders' meeting of 2025 on April 2, 2025. For detailed information, please refer to the announcement titled "Announcement on the Estimated Guarantee Limit for the Company

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