Securities Code: 002300 Securities Abbreviation: Taiyang Cable Announcement Number: 2026-015 Fujian Nanping Taiyang Cable Co., Ltd. Announcement on Providing Guarantee for Subsidiary Baotou Taiyangduola Cable Co., Ltd. The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and that there are no false records, misleading statements, or material omissions.
I. Overview of Guarantee Situation
Fujian Nanping Taiyang Cable Co., Ltd. (hereinafter referred to as the "Company") plans to provide guarantees for the debts of its subsidiary, Baotou Taiyangduola Cable Co., Ltd. (hereinafter referred to as "Taiyangduola"), under credit facility agreements, loan agreements, and other financing agreements to be signed with banks and other financial institutions from July 1, 2026, to June 30, 2027. The principal amount of the debt guaranteed by the Company shall not exceed RMB 10,000,000,000 (including RMB 10,000,000,000). The guarantee will be in the form of joint liability.
On April 8, 2026, the Company held the fifth meeting of the eleventh Board of Directors, which deliberated and approved the "Proposal on Providing Guarantee for Baotou Taiyangduola Cable Co., Ltd., a Subsidiary of the Company." According to the "Listing Rules of the Shenzhen Stock Exchange" and the "Articles of Association," this proposal requires the approval of more than half of the directors present at the board meeting, and more than two-thirds of the directors present at the board meeting for approval. After the proposal is deliberated and approved by the Board of Directors, it does not need to be submitted to the 2025 Shareholders' Meeting for review.