Stock Code: 002362 Stock Abbreviation: Hanwang Technology Announcement Number: 2026-016
Hanwang Technology Co., Ltd. Announcement on Applying for Loan Quotas from Financial Institutions and Foreseeing Guarantee Quotas for Subsidiaries
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and that there are no false records, misleading statements, or material omissions.
Hanwang Technology Co., Ltd. (hereinafter referred to as the "Company") held the Thirteenth Meeting of the Seventh Board of Directors on March 26, 2025, and deliberated and passed the "Proposal on Applying for Loan Quotas from Financial Institutions" and the "Proposal on Foreseeing Guarantee Quotas for Subsidiaries." The relevant matters are hereby announced as follows:
I. Overview of the Current Application for Loan Quotas from Financial Institutions and External Guarantees
To meet the needs of the Company and its subsidiaries for production, operation, and future development, the Company and its subsidiaries plan to apply for credit lines from multiple commercial banks and other financial institutions. The outstanding loan balance at any point within the validity period shall not exceed RMB 450 million (including guarantee-type loans and supply chain products for which the Company assumes final payment responsibility). The actual loan amount will be determined based on the Company's operational needs. Concurrently, to better support the business development of the Company's subsidiaries and meet their daily production and operation needs, the Company plans to provide guarantees for subsidiaries within the consolidated financial statement scope, not exceeding RMB 300 million (including the balance of existing guarantees). Among these, the guarantee quota for holding subsidiaries with an asset-liability ratio below 70% shall not exceed RMB 200 million in total, and the guarantee quota for holding subsidiaries with an asset-liability ratio above 70% shall not exceed RMB 100 million in total, with the actual guarantee amount being the actual amount incurred.
The Board of Directors authorizes the management to, within the aforementioned quota range, sign relevant contract documents and other legal documents based on the actual situation of the Company and its subsidiaries.
The matter of applying for loan quotas from financial institutions is within the approval authority of the Company's Board of Directors. The matter of foreseeing guarantee quotas for subsidiaries needs to be submitted to the Company's shareholders' meeting for deliberation. Subsequent guarantee matters will be disclosed by the Company in a timely manner when they actually occur.
II. Basic Information on the Application for Loan Quotas from Financial Institutions