Overview of Guarantees
Zhejiang Yongtai Technology Co., Ltd. (hereinafter referred to as "the Company") has approved, during the annual shareholders' meeting held on May 18, 2026, to provide guarantees totaling no more than RMB 550 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 377 million, while for those exceeding 70%, it is capped at RMB 173 million. The guarantee amounts can be adjusted among subsidiaries, but when adjustments occur, subsidiaries with a debt-to-asset ratio exceeding 70% can only obtain guarantees from those that also exceed 70% (as approved during the shareholders' meeting). The guarantee methods include but are not limited to guarantees, mortgages, and pledges, with specific amounts and guarantee periods executed according to the 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 more details, please refer to the announcement titled "Announcement on Providing Guarantee Limits for Subsidiaries" (Announcement No.: 2026-028) disclosed by the company on April 28, 2026, in the Securities Times, China Secu