002331SZSE

Progress Announcement on Guarantee for Comprehensive Credit Application by Wholly-Owned Subsidiary

Wantong Technology Co., Ltd.··3 pages

✨ AI Summary

Anhui Wantong Technology Co., Ltd. announces that its wholly-owned subsidiary, Yantai Huadong Electronic Software Technology Co., Ltd., is applying for a comprehensive credit facility of up to 10 million RMB from ICBC Yantai Branch. The company will provide a joint liability guarantee of 10 million RMB, while Yantai Huadong Electronic Technology Co., Ltd. will offer collateral valued at 14.1 million RMB. The board of directors has approved the guarantee without needing further review.

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Full Translation

AI Translation· azure_openai

1. Overview of the Guarantee Situation

Anhui Wantong Technology Co., Ltd. (hereinafter referred to as "the Company")’s wholly-owned subsidiary, Yantai Huadong Electronic Software Technology Co., Ltd. (hereinafter referred to as "Huadong Electronics"), intends to apply for a comprehensive credit facility from the Industrial and Commercial Bank of China (ICBC) Yantai Branch due to operational needs, with an expected amount not exceeding 10 million RMB and a term not exceeding three years. The Company will provide a joint liability guarantee of 10 million RMB, and Huadong Electronics' wholly-owned subsidiary, Yantai Huadong Electronic Technology Co., Ltd. (hereinafter referred to as "Huadong Technology"), will provide collateral for this business amounting to 7 million RMB at Room 1302, 1701, and 1702, Comprehensive Office Building, No. 6 Chuangda East Road, High-tech Zone. For specific details, please refer to the announcement titled "Announcement on Providing Guarantee for Wholly-Owned Subsidiary and Wholly-Owned Grandchild Company’s Application for Bank Comprehensive Credit" (Announcement No.: 2026-017) disclosed by the Company on April 8, 2026, in the Securities Times, China Securities Journal, and on the Giant Tide Information Network (http://www.cninfo.com.cn).

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