Huangshi Group Co., Ltd.
Announcement on Progress of External Guarantees
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Special Risk Warning: The total external guarantee amount of the Company and its holding subsidiaries has exceeded 100% of the net assets from the most recent audited period. The balance of external guarantees of the Company and its holding subsidiaries has exceeded 50% of the net assets from the most recent audited period. This guarantee includes guarantees provided by the Company to subsidiaries with an asset-liability ratio exceeding 70%. Investors are advised to pay attention to guarantee risks.
I. Overview of Guarantee Situation
Huangshi Group Co., Ltd. (hereinafter referred to as the "Company") held its 2024 Annual Shareholders' Meeting, 2025 First Extraordinary Shareholders' Meeting, and 2025 Fourth Extraordinary Shareholders' Meeting on May 21, 2025, July 15, 2025, and December 29, 2025, respectively. The meetings deliberated and approved the "Proposal on the Estimated Guarantee Limit for 2025," "Proposal on the New Estimated Guarantee Limit for 2025," and "Proposal on the New Guarantee Limit for the Company to Provide Guarantees to Village Collective Shareholding Economic Cooperatives." It is estimated that the total guarantee limit for the Company to provide guarantees to its subsidiaries (including between subsidiaries), and for subsidiaries to provide guarantees to the Company, etc., in 2025 will not exceed RMB 378,816.00 million. This guarantee limit is revolving, and the actual total guarantee amount will not exceed the approved guarantee limit. Among them, the guarantee limit for subsidiaries with an asset-liability ratio greater than or equal to 70% shall not exceed RMB 68,900.00 million, and the guarantee limit for subsidiaries with an asset-liability ratio less than 70% shall not exceed RMB 241,216.00 million. The guarantee period is twelve months from the date of deliberation and approval by the Company's 2024 Annual Shareholders' Meeting, 2025 First Extraordinary Shareholders' Meeting, and 2025 Fourth Extraordinary Shareholders' Meeting. The estimated guarantee parties or guaranteed parties also include subsidiaries newly included in the consolidated financial statements of the Company within the guarantee authorization period. The above guarantee limit and period can be adjusted among eligible guaranteed parties within the guarantee limit. For details, please refer to the announcements published on April 30, 2025, June 30, 2025, and December 13, 2025, in China Securities Journal, Securities Times, Shanghai Securities News, Securities Daily, and on the Juchao Information Network (http://www.cninfo.com.cn), namely the "Announcement on the Estimated Guarantee Limit for 2025" (Announcement No.: 2025-041), "Announcement on the New Estimated Guarantee Limit for 2025" (Announcement No.: 2025-048), and "Announcement on the New Guarantee Limit for the Company to Provide Guarantees to Village Collective Shareholding Economic Cooperatives" (Announcement No.: 2025-071).