Securities Code: 002345 Securities Abbreviation: Chaohongji Announcement No.: 2026-010 Guangdong Chaohongji Industrial Co., Ltd. Announcement on Applying for Credit Line from Financial Institutions and Providing Guarantees for Subsidiaries and Mutual Guarantees Among Subsidiaries 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. Guangdong Chaohongji Industrial Co., Ltd. (hereinafter referred to as the "Company") held the Eighth Meeting of the Seventh Board of Directors on March 26, 2026, and deliberated and passed the "Proposal on Applying for Credit Line from Financial Institutions, Providing Guarantees for Subsidiaries, and Mutual Guarantees Among Subsidiaries." The relevant situation is hereby announced as follows: I. Overview of Bank Credit and Guarantees To ensure the capital required for the business development of the Company and its consolidated subsidiaries (hereinafter referred to as "subsidiaries"), and to enhance the liquidity of operating funds for the Company and its subsidiaries, the Company and its subsidiaries plan to apply to relevant financial institutions for a comprehensive credit line not exceeding RMB 6 billion. According to the requirements of the financial institutions, the Company will provide guarantees for its subsidiaries, and subsidiaries will mutually guarantee each other, with a total amount not exceeding the comprehensive credit line. This proposal is valid from the date of deliberation until the day before the next shareholders' meeting. The specific credit line and the amount, type, and method of financing guarantees will be subject to the actually signed agreements. The Company's Chairman (or his authorized representative) is authorized to decide and sign relevant documents within this limit. In accordance with the "Supervision Guidelines for Listed Companies No. 8 - Supervision Requirements for Capital Transactions and External Guarantees of Listed Companies" issued by the China Securities Regulatory Commission, the "Listing Rules of the Shenzhen Stock Exchange," and other relevant regulations and the "Articles of Association," this financing and guarantee matter needs to be submitted to the Company's shareholders' meeting for deliberation. II. Basic Information of the Guaranteed Persons
| Company Name | Registered Place | Legal Representative | Main Business | Registered Capital | Shareholding Ratio | Total Assets | Net Assets | Operating Income | Net Profit | Asset-Liability Ratio |
|---|---|---|---|---|---|---|---|---|---|---|
| Chaohongji Pearl & Jewelry Co., Ltd. | Shantou | Cai Zhonghua | Wholesale and retail of gold and jewelry; import and export of goods, technology import and export. | 45,000 | 100% | 349,362.22 | 87,826.17 | 771,076.34 | 24,266.35 | 74.86% |
| Guangdong Chaohui Network Technology Co., Ltd. | Shantou | Zhang Tianbing | Wholesale and retail of gold and jewelry, and retail. | 1,428.57 | 90% | 30,262.35 | 13,396.89 | 96,000.07 | 2,908.28 | 55.73% |
| Shantou Chaohongji Real Estate Co., Ltd. | Shantou | Zheng Chun | Operation of real estate development, leasing of own properties; property management; wholesale and retail of jewelry, collectibles (excluding cultural relics), clothing, footwear, leather goods, bags, electronics, ceramics, and sporting goods; production, processing, and sales of the aforementioned products. | 12,000 | 100% | 63,828.17 | 9,855.12 | 2,950.42 | 584.21 | 84.56% |
| Chaohongji International Jewelry Co., Ltd. | Hong Kong | Feng Xihan | Trading of precious metals and jewelry. | 1,000 | 100% | 8,811.77 | 3,519.41 | 13,985.55 | 522.47 | 60.06% |
| Shantou Chaohongji Technology Co., Ltd. | Shantou | He Wenbo | Research and development of metal products, manufacturing of jewelry, wholesale and retail of jewelry, recycling and repair services for jewelry; import and export of gold and its products; import and export of artworks. | 1000 | 100% | 3,997.22 | 1,222.51 | 1,529.93 | 166.87 | 69.42% |
| Note: The above subsidiaries are not "dishonest judgment debtors." Their financial data for 2025 has been audited by Huaxing Certified Public Accountants (Special General Partnership), and the data is based on the individual financial statements of the guaranteed persons, not consolidated financial statements. | ||||||||||
| III. Main Contents of the Guarantee Agreement | ||||||||||
| This guarantee is a proposed authorized guarantee matter. The Company's Chairman (or his authorized representative) will be responsible for signing the specific guarantee agreement(s) with the relevant financial institutions when the specific guarantee matters arise. The main contents of the guarantee agreement will be jointly determined by the Company, the relevant subsidiaries, and the lending financial institutions within the granted guarantee amount. No separate board meeting will be convened for guarantee matters within this loan guarantee amount. | ||||||||||
| IV. Board of Directors' Opinion | ||||||||||
| The Company's Board of Directors believes that the subsidiaries of the Company have good production and operation conditions, stable business development, and strong solvency. This guarantee is intended to meet the capital needs for the Company's and its subsidiaries' business development. The financial risks are controllable and will not have a negative impact on the Company's normal operations and business development, nor will it harm the interests of the Company and all shareholders. The Board of Directors agrees that the Company will provide guarantees for its subsidiaries to obtain financing from financial institutions and that subsidiaries will mutually guarantee each other for financing from financial institutions, and agrees to submit this matter to the shareholders' meeting for deliberation. | ||||||||||
| V. Accumulated Amount of External Guarantees and Overdue Guarantees | ||||||||||
| As of March 25, 2026, the outstanding balance of guarantees provided by the Company for its subsidiaries and among subsidiaries was RMB 180,058.97 million, accounting for 47.15% of the Company's latest audited net assets (as of December 31, 2025). Apart from the guarantee matters within the scope of the consolidated financial statements mentioned above, the Company and its holding subsidiaries have no other external guarantee matters, and there have been no overdue guarantees, guarantees involving litigation, or losses incurred due to unsuccessful litigation related to guarantees. | ||||||||||
| VI. Documents for Review |
- Resolution of the Eighth Meeting of the Seventh Board of Directors of the Company. Hereby announced Board of Directors of Guangdong Chaohongji Industrial Co., Ltd. March 28, 2026