Securities Code: 002295 Securities Abbreviation: King's Metal Announcement No.: 2026-012
Guangdong King's Metal Co., Ltd. Announcement on Progress of External Guarantees
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
Special Risk Warning: As of the announcement date, the cumulative actual amount of guarantees provided by the Company and its subsidiaries for their subordinate holding companies accounts for 42.85% of the Company's latest audited net assets. The cumulative total guarantee amount accounts for 64.43% of the Company's latest audited net assets. The cumulative actual amount of guarantees provided for entities with an asset-liability ratio exceeding 70% accounts for 27.19% of the Company's latest audited net assets. The cumulative total guarantee amount for entities with an asset-liability ratio exceeding 70% accounts for 44.85% of the Company's latest audited net assets. Investors are kindly requested to pay attention to related risks.
I. Overview of Guarantee Situation
Guangdong King's Metal Co., Ltd. (hereinafter referred to as the "Company") signed a "Maximum Amount Guarantee Contract" with the Foshan Branch of Dongguan Bank Co., Ltd. to provide joint and several liability guarantee for the credit business of its wholly-owned subsidiary, Guangdong King's Sales Co., Ltd. The guarantee amount is RMB 30 million, and the guarantee period is 3 years from the date when the principal debtor fulfills its debt obligations under the principal contract.