Announcement on Progress of Guarantee for Wholly-owned Subsidiary
Securities Code: 002291 Securities Abbreviation: Yaowang Technology Announcement No.: 2026-010 Guangdong Yaowang Technology Group Co., Ltd.
Announcement on Progress of Guarantee for Wholly-owned Subsidiary
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
I. Overview of Guarantee Situation
Guangdong Yaowang Technology Group Co., Ltd. (hereinafter referred to as the "Company") held the Fourth Meeting of the Sixth Board of Directors on June 3, 2025, and reviewed and approved the "Proposal on the Estimated Quota for External Guarantees of the Company and its Holding Subsidiaries in 2025". In order to ensure the smooth operation of the subsidiaries' business, it was agreed that the Company and its holding subsidiaries would provide a guarantee quota of RMB 800 million for Hangzhou Yaowang Network Technology Co., Ltd. (hereinafter referred to as "Hangzhou Yaowang"). This proposal was reviewed and approved by the 2024 Annual Shareholders' Meeting held on June 24, 2025. For specific details, please refer to the "Announcement on the Estimated Quota for External Guarantees of the Company and its Holding Subsidiaries in 2025" (Announcement No.: 2025-044) published by the Company on June 4, 2025, in the designated information disclosure media, "Securities Times", "Shanghai Securities News", and the Juchao Information Network (www.cninfo.com.cn).