Securities Code: 002264
Securities Abbreviation: Xinhua Du
Announcement Number: 2026-021
Xinhua Du Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder: The guarantee for wholly-owned subsidiaries with a debt-to-asset ratio exceeding 70% and a guarantee amount exceeding 50% of the Company's most recent audited net assets poses a risk 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 General 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 guarantee exposure amount not exceeding RMB 1.9 billion for subsidiaries with a debt-to-asset ratio of 70% or more (inclusive).
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 an increased exposure amount not exceeding RMB 510 million for subsidiaries with a debt-to-asset ratio of 70% or more (inclusive).
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 specified limits based on actual operational needs. The specific guarantee exposure amount and guarantee period shall be subject to final confirmation by both parties.