Announcement on Mutual Guarantees Between Holding Subsidiary and Its Wholly-Owned Subsidiaries
The company and all members of the board of directors guarantee the authenticity, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or significant omissions.
I. Overview of Guarantee Situation
Jincheng Electronics Co., Ltd. (hereinafter referred to as the "Company")’s holding subsidiary, Qingdao Jincheng Electronics Co., Ltd. (hereinafter referred to as "Qingdao Jincheng"), plans to provide a comprehensive credit guarantee of up to RMB 30 million to its wholly-owned subsidiary, Shandong Jincheng Instruments Co., Ltd. (hereinafter referred to as "Jincheng Instruments"). The validity period of this guarantee line is 12 months from the date of approval by the board of directors of Qingdao Jincheng. This guarantee line can be used repeatedly. At any point within the validity period of the guarantee line, the outstanding balance of guarantees provided by Qingdao Jincheng to Jincheng Instruments shall not exceed RMB 30 million. In addition, Jincheng Instruments and Qingying Cloud Technology Co., Ltd. (hereinafter referred to as "Qingying Cloud"), another wholly-owned subsidiary of Qingdao Jincheng, plan to jointly provide a comprehensive credit guarantee of up to RMB 50 million to Qingdao Jincheng.
The above mutual guarantee matters were deliberated and approved at the 11th meeting of the Third Board of Directors of Qingdao Jincheng on April 22, 2026, and do not require submission to the Company's board of directors for approval.