Progress Announcement on Providing Guarantees for Subsidiaries
Stock Code: 002303 Stock Abbreviation: Meiyin Sen Announcement No.: 2026-018
Meiyin Sen Group Co., Ltd. Announcement on Progress of Providing Guarantees for Subsidiaries
The Company and all members of its board of directors guarantee that the information disclosed is true, accurate, and complete, and contains no false representations, misleading statements, or material omissions.
I. Overview of Guarantee Situation
Meiyin Sen Group Co., Ltd. (hereinafter referred to as the "Company") deliberated and approved the "Proposal on Providing Guarantees for Subsidiaries" at the eleventh meeting of the sixth board of directors held on April 13, 2025, and the 2024 annual general meeting of shareholders held on May 8, 2025. The Company agreed to provide bank financing guarantees totaling no more than RMB 286,000 million for its wholly-owned or controlled subsidiaries, including Dongguan Meiyin Sen Environmental Protection Technology Co., Ltd., Suzhou Meiyin Sen Environmental Protection Technology Co., Ltd. (hereinafter referred to as "Suzhou Meiyin Sen"), Chongqing Meiyin Sen Environmental Protection Packaging Engineering Co., Ltd., Chengdu Meiyin Sen Environmental Protection Technology Co., Ltd., Dongguan Meixinlong Internet of Things Technology Co., Ltd., Anhui Meiyin Sen Zhigu Technology Co., Ltd., Changsha Meiyin Sen Zhigu Technology Co., Ltd., Meiyin Sen (Hong Kong) International Holdings Co., Ltd., Foshan Meiyin Sen Lugu Technology Co., Ltd., Guizhou Xishui County Meiyin Sen Technology Co., Ltd., Lianshui Meiyin Sen Zhigu Technology Co., Ltd., Fujian Meiyin Sen Environmental Protection Technology Co., Ltd., Dongguan Fenghua Intelligent Manufacturing Technology Co., Ltd., and Dongguan Meizhi Lan Environmental Protection Technology Co., Ltd. The guarantee methods include, but are not limited to, joint and several liability guarantees. The guarantee period is from the date of approval by the 2024 annual general meeting of shareholders to the date of the 2025 annual general meeting of shareholders. Within the guarantee period, the aforementioned guarantee limit can be used repeatedly. The above guarantees do not involve counter-guarantees and are not related-party transactions.
For details, please refer to the "Announcement on Providing Guarantees for Subsidiaries" (Announcement No.: 2025-015) and the "Announcement on the Resolution of the 2024 Annual General Meeting of Shareholders" (Announcement No.: 2025-022) published in the "Securities Times" and on the CNINFO website (www.cninfo.com.cn) on April 15, 2025, and May 9, 2025, respectively.
II. Progress of Guarantee
Due to operational needs, Suzhou Meiyin Sen, a wholly-owned subsidiary of the Company, applied for a credit line of RMB 90 million from the Suzhou Yangtze River Delta Integrated Development Zone Branch of Industrial and Commercial Bank of China Co., Ltd. (hereinafter referred to as "ICBC"). The Company provided a joint and several liability guarantee for the aforementioned credit line, and completed the signing of the "Master Guarantee Contract" (Contract No.: 0110200016-2026 Wujiang (Guarantee) Word 0099) with ICBC Suzhou Yangtze River Delta Integrated Development Zone Branch in Shenzhen on April 7, 2026.