Securities Code: 002326 Securities Abbreviation: Yongtai Technology Announcement Number: 2026-021 Zhejiang Yongtai Technology Co., Ltd. Announcement on Progress of Providing Guarantees for Subsidiaries The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or material omissions.
I. Overview of Guarantees
Zhejiang Yongtai Technology Co., Ltd. (hereinafter referred to as the "Company") held its 2024 Annual General Meeting of Shareholders on May 19, 2025, which approved that the Company would provide guarantees for some subsidiaries included in the consolidated financial statements, with a cumulative total not exceeding RMB 430,000 million. This guarantee limit can be used cyclically, providing joint liability guarantees for their financing from various domestic banks and other institutions (including but not limited to RMB/foreign currency loans, bank acceptances, letters of credit issuance, import and export bill of exchange, packing loans, bank guarantees, financial leasing, etc.). Among them, the guarantee limit for subsidiaries with an asset-liability ratio not exceeding 70% shall not exceed RMB 200,000 million, and the guarantee limit for subsidiaries with an asset-liability ratio exceeding 70% shall not exceed RMB 230,000 million. The guarantee limit can be adjusted among subsidiaries. However, when adjustments are made, entities with an asset-liability ratio exceeding 70% can only obtain guarantee limits from entities with an asset-liability ratio exceeding 70%. The guarantee methods include, but are not limited to, guarantees, mortgages, and pledges. The specific guarantee amount and guarantee period shall be executed according to the specific contract. The Company's Chairman is authorized to sign guarantee agreements and other legal documents and handle other related matters within the limit. Please refer to the "Announcement on the Limit of Guarantees for Subsidiaries" (Announcement Number: 2025-033) disclosed by the Company on April 28, 2025, in "Securities Times," "China Securities Journal," "Shanghai Securities News," "Securities Daily," and the Juchao Information Network (http://www.cninfo.com.cn).