Securities Code: 002344 Bond Code: 524046. SZ Securities Abbreviation: Haining Picheng Bond Abbreviation: 24 Picheng 01 Announcement No.: 2026-014
Haining China Leather City Co., Ltd. Announcement on Providing Guarantee for Holding Subsidiary Chuangjia Company
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the disclosed information and assume joint and several liability for any false representations, misleading statements, or material omissions.
Special Reminder: According to the latest financial statements of Chuangjia Financial Leasing (Zhejiang) Co., Ltd., its asset-liability ratio is 83.77%. Investors are kindly reminded to pay attention to the guarantee risk.
I. Overview of Guarantee Situation
Haining China Leather City Co., Ltd. (hereinafter referred to as the "Company" or "this Company") held the 8th meeting of the 6th Board of Directors on April 8, 2025, and the 2024 Annual Shareholders' Meeting on June 10, 2025, and deliberated and approved the "Proposal on Providing Guarantee for Holding Subsidiary Chuangjia Company." It was agreed that the Company would provide a guarantee for Chuangjia Financial Leasing (Zhejiang) Co., Ltd. (hereinafter referred to as "Chuangjia Company") for a comprehensive credit line of no more than RMB 300 million, with a term of three years, in proportion to its actual capital contribution. As of now, the outstanding guarantee balance is RMB 268.125 million.
Chuangjia Company's current leasing business is progressing steadily. The Company adheres to the strategy of deep industry cultivation and specialized operations, aligning its business with the "dual carbon" goals and serving the real economy. Its financing lease assets mainly involve new energy (photovoltaics) and shared consumption, and energy-saving and environmental protection assets. In response to Chuangjia Company's business development and the need to broaden diversified financing channels, it is proposed to adjust the aforementioned guarantee limit. The Company will provide a guarantee for Chuangjia Company's comprehensive credit line application to banks and other financial institutions, with a limit of no more than RMB 600 million and a term of two years. The guarantee liability will be subject to the guarantee period stipulated in the signed guarantee contract. Concurrently, the matters of the Company providing guarantees for Chuangjia Company, deliberated and approved at the 8th meeting of the 6th Board of Directors and the 2024 Annual Shareholders' Meeting, will become invalid.