Xinhua Du Technology 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 significant omissions.
Special Reminder: The guarantees provided for wholly-owned subsidiaries with a debt-to-asset ratio exceeding 70% and the guarantee amount exceeding 50% of the Company's most recent audited net assets may pose risks for investors.
1. Overview of Guarantees
The Company held the 26th meeting of the 6th Board of Directors on April 27, 2026, and the 2025 Annual Shareholders' Meeting on May 19, 2026, where it approved the proposal to provide guarantees for subsidiaries. The Company agreed to act as a guarantor for related business, with a maximum guarantee exposure amount not exceeding RMB 1.9 billion for subsidiaries with a debt-to-asset ratio of 70% or more (including this amount).
On July 7, 2025, the Company held the 22nd (temporary) meeting of the 6th Board of Directors and the 19th (temporary) meeting of the Supervisory Board, and on July 23, 2025, the 3rd temporary Shareholders' Meeting of 2025, where it approved the proposal to increase guarantees for subsidiaries. The Company agreed to provide additional guarantees for subsidiaries applying for comprehensive credit from financial institutions, with a maximum exposure amount not exceeding RMB 510 million for subsidiaries with a debt-to-asset ratio of 70% or more (including this amount).
The Shareholders' Meeting authorized the Chairman of the Company or an authorized person to be fully responsible for handling guarantee matters within the exposure amount and validity period, specifically responsible for signing guarantee contracts and related legal documents with financial institutions. The Chairman is also authorized to adjust and recycle the guarantee exposure amount for related companies within the exposure amount and validity period based on actual operational needs. The specific guarantee exposure amount and guarantee period shall be subject to final confirmation by both parties.
For detailed information, please refer to the announcements disclosed by the Company on July 8, 2025, July 24, 2025, April 28, 2026, and May 20, 2026, on the Giant Tide Information Network (http://www.cninfo.com.cn).
2. Progress of Guarantees
The Company signed the "Maximum Guarantee Contract (I)" and "Maximum Guarantee Contract (II)" with CITIC Bank Co., Ltd. Fuzhou Branch (hereinafter referred to as "CITIC Bank Fuzhou Branch") in Fuzhou, Fujian Province. The Company provided a maximum guarantee for Tibet Julang E-commerce Co., Ltd. (hereinafter referred to as "Tibet Julang") for a debt limit of RMB 150 million; and for Tibet Jiushi Zhihua Marketing Co., Ltd. (hereinafter referred to as "Tibet Jiushi") for a debt limit of RMB 50 million. This guarantee for wholly-owned subsidiaries does not involve counter-guarantees. The guarantees are within the amount approved by the Company's Shareholders' Meeting.