Securities Code: 002291 Securities Abbreviation: Yaowang Technology Announcement No.: 2026-016 Guangdong Yaowang Technology Group Co., Ltd. Announcement on Progress of Guarantee for Holding Subsidiary The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and do not contain any false records, misleading statements, or major omissions.
I. Overview of Guarantee Situation To facilitate the smooth business development of its subsidiary, Guangdong Yaowang Technology Group Co., Ltd. (hereinafter referred to as the "Company") and its holding company have provided a cumulative credit line of RMB 600 million for Hangzhou Shi'en Asset Management Co., Ltd. (hereinafter referred to as "Hangzhou Shi'en"), a holding subsidiary. The Company's Sixth Board of Directors' Fourth Meeting on June 3, 2025, approved the "Proposal on the Estimated External Guarantee Quota for the Company and its Holding Company in 2025," with a quota of RMB 400 million, which was subsequently approved by the 2024 Annual Shareholders' Meeting on June 24, 2025. The Company's Sixth Board of Directors' Ninth Meeting on November 12, 2025, approved the "Proposal on Increasing the Guarantee Quota for the Holding Subsidiary," with a quota of RMB 200 million, which was subsequently approved by the 2025 Fourth Extraordinary Shareholders' Meeting on November 28, 2025. For specific details, please refer to the "Announcement on the Estimated External Guarantee Quota for the Company and its Holding Company in 2025" (No.: 2025-044) and the "Announcement on Increasing the Guarantee Quota for the Holding Subsidiary" (No.: 2025-086) published on June 4, 2025, and November 13, 2025, respectively, in the Company's designated information disclosure media, Securities Times, Shanghai Securities News, and CNINFO.COM.CN.
II. Progress of Guarantee Based on the aforementioned guarantee quota, the Company recently planned to sign a series of related guarantee contracts with China Minsheng Bank Co., Ltd. Hangzhou Branch. Due to business needs, the Company will provide a series of maximum amount guarantees for the debts under the bank credit contract (hereinafter referred to as the "Main Contract") signed by its holding subsidiary Hangzhou Shi'en with China Minsheng Bank Co., Ltd. Hangzhou Branch. The maximum limit of the guarantee liability under this maximum amount guarantee is RMB 17.5 million. This guarantee is within the scope of the guarantee quota approved by the Company. After this guarantee, the cumulative guarantee amount provided by the Company and its holding company for Hangzhou Shi'en is RMB 272.6112 million, with a remaining available guarantee quota of RMB 327.3888 million.