Stock Code: 002326
Stock Abbreviation: Yongtai Technology
Announcement Number: 2026-018
Zhejiang Yongtai Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
1. Overview of Guarantees
The Company has approved, at the annual general meeting of shareholders held on May 19, 2025, to provide guarantees totaling no more than RMB 430 million for certain subsidiaries included in the consolidated financial statements. This guarantee amount is reusable and provides joint liability guarantees for financing from various domestic banks and other institutions (including but not limited to RMB/foreign currency loans, bank acceptance, letter of credit issuance, import and export financing, packaged loans, bank guarantees, financing leases, etc.). The guarantee amount for subsidiaries with a debt-to-asset ratio not exceeding 70% is capped at RMB 200 million, while for those exceeding 70%, it is capped at RMB 230 million. The guarantee amount can be adjusted among subsidiaries, but when adjustments occur, subsidiaries with a debt-to-asset ratio exceeding 70% can only obtain guarantee amounts from other subsidiaries with a debt-to-asset ratio exceeding 70%. The guarantee methods include but are not limited to guarantees, mortgages, and pledges, with specific guarantee amounts and guarantee periods executed according to specific contract agreements. The Chairman of the Company is authorized to represent the Company in signing guarantee agreements and other legal documents within the limit. For details, please refer to the announcement titled "Announcement on Providing Guarantee Limits for Subsidiaries" (Announcement Number: 2025-033) disclosed by the Company on April 28, 2025, in the Securities Times, China Securities Journal, Shanghai Securities Journal, Securities Daily, and the Giant Tide Information Network (http://www.cninfo.com.cn).