Guangdong Zhongsheng Pharmaceutical Co., Ltd. Announcement on the Company's Provision of Guarantee Quotas to Subsidiaries within the Scope of Consolidated Statements
The company and the 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 Guarantees
Guangdong Zhongsheng Pharmaceutical Co., Ltd. (hereinafter referred to as the "Company") deliberated and passed the "Proposal on the Company's Provision of Guarantee Quotas to Subsidiaries within the Scope of Consolidated Statements" at the Third Meeting of the Ninth Board of Directors held on April 27, 2026. Given that the authorization for the guarantee quota for subsidiaries within the scope of consolidated statements, approved by the shareholders' meeting in the previous year, is about to expire, and to coordinate the production and operation activities of subsidiaries (hereinafter referred to as "subsidiaries within the scope of the Company's consolidated statements"), ensure their sustained development, and improve capital utilization efficiency, the Company proposes to continue to provide joint liability guarantees for bank credit applications by subsidiaries, with a total quota not exceeding RMB 2 billion. Among this, the guarantee quota for subsidiaries with a debt-to-asset ratio below 70% shall not exceed RMB 500 million, and the guarantee quota for subsidiaries with a debt-to-asset ratio of 70% or above (inclusive) shall not exceed RMB 1.5 billion. The total quota for joint liability guarantees provided by the Company for subsidiaries' bank credit applications is RMB 2 billion, accounting for 49.28% of the net assets attributable to shareholders of the listed company as of the most recent audited period (December 31, 2025). Within the corresponding guarantee quota, the Company may adjust the guarantee amounts among subsidiaries based on actual circumstances. Subsidiaries will apply for guarantees within the quota based on their operational needs, and the actual guarantee amount will prevail. The Chairman is authorized to implement relevant matters and sign relevant documents within the aforementioned quota based on specific circumstances.