Tianrun Industrial Technology Co., Ltd. Announcement on Providing Entrusted Loans to External Parties
The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.
Important Content Reminder:
- Entrusted loan recipient: Weihai Wendeng Urban Asset Management Co., Ltd. (hereinafter referred to as "Wendeng Urban Asset")
- Entrusted loan amount: A cumulative amount not exceeding 100 million RMB (inclusive), with contracts signed and funds disbursed for each tranche.
- Guarantor: Weihai Hongtai Investment Holding Group Co., Ltd. (hereinafter referred to as "Hongtai Investment")
- Review procedure: The proposal for the entrusted loan was approved at the fifth meeting of the seventh board of directors of Tianrun Industrial Technology Co., Ltd. held on May 27, 2026, and does not require submission to the shareholders' meeting for review.
- Risk warning: The entrusted loan may involve risks that Wendeng Urban Asset may not be able to repay the principal and interest on time and in full. Investors are advised to pay attention to investment risks.
I. Overview of the Entrusted Loan
The company approved the proposal on May 27, 2026, to use temporarily idle self-owned funds to entrust a bank to provide Wendeng Urban Asset with a cumulative amount not exceeding 100 million RMB (inclusive) in entrusted loans, with contracts signed and funds disbursed for each tranche. Hongtai Investment provides joint liability guarantee for this entrusted loan. This proposal has been reviewed and approved by the independent directors at a special meeting, with unanimous consent from all independent directors.
The first tranche of the entrusted loan is 51 million RMB, with a maturity date of December 25, 2026, for the purpose of purchasing construction materials. The annual interest rate is 5.20%, with monthly interest payments and principal repayment at maturity. On May 27, 2026, the company signed the "Entrusted Loan Agreement" with Wendeng Urban Asset and Rizhao Bank Co., Ltd. Weihai Wendeng Branch, and signed the "Guarantee Agreement" with Wendeng Urban Asset and Hongtai Investment. The company is currently in good operational condition with a stable financial status. This use of idle self-owned funds for entrusted loans is conducted under the premise of ensuring liquidity and fund safety, which is beneficial for improving the efficiency of the company's self-owned funds and increasing company revenue, without affecting the normal business operations and fund usage of the company. The entrusted loan does not constitute a related party transaction and does not fall under the circumstances prohibited for financial assistance as per the "Shenzhen Stock Exchange Stock Listing Rules" and "Self-Regulatory Guidelines No. 1 for Main Board Listed Companies." According to relevant regulations of the Shenzhen Stock Exchange and the "Articles of Association," this entrusted loan matter is within the board of directors' review authority and does not require submission to the shareholders' meeting for review.