Announcement on the Progress of Subsidiaries Engaging in Financial Leasing Business and Providing Guarantees for Subsidiaries

*ST Yushun Co., Ltd.·July 29, 2026·4 pages

✨ AI Summary

Shenzhen U-顺 Electronics Co., Ltd. has entered into a financial leasing agreement with Xingzhi No. 2 (Tianjin) Leasing Co., Ltd. for its subsidiary, Zhong'en Cloud (Beijing) Data Information Technology Co., Ltd., involving a financing amount of 467.4 million RMB. The company has also provided a joint liability guarantee for this lease and for a 10 million RMB loan taken by its subsidiary, Industrial Intelligence. These actions were approved by the company's sixth extraordinary general meeting of shareholders.

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I. Basic Information and Progress

(I) Financial Leasing and Guarantee Situation

Shenzhen U-顺 Electronics Co., Ltd. (hereinafter referred to as the "Company" or "U-顺 Electronics") held the 44th meeting of the sixth Board of Directors and the 2026 sixth extraordinary general meeting of shareholders on July 13, 2026, and July 29, 2026, respectively. The meetings reviewed and approved the "Proposal on Proposed Financial Leasing Business" and the "Proposal on Estimated External Guarantee Quota," agreeing that the Company and its subsidiaries may conduct financial leasing business (including sale-leaseback) with qualified financial leasing institutions. The financing quota shall not exceed 1 billion RMB (inclusive), valid for 12 months from the date of approval by the shareholders' meeting. The Company also agreed to provide guarantees for its subsidiaries.

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