Stock Code: 002377 Stock Abbreviation: Guochuang High-New Announcement Number: 2026-37
Hubei Guochuang High-New Materials Co., Ltd. Announcement on Accepting Financial Assistance from Controlling Shareholder and Related Party Transaction
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
I. Overview of Related Party Transaction
To support the business development of Hubei Guochuang High-New Materials Co., Ltd. (hereinafter referred to as the "Company"), the Company intends to accept financial assistance from its controlling shareholder, Keyuan Holding Group Co., Ltd. (hereinafter referred to as "Keyuan Group"). The financial assistance amount shall not exceed RMB 25 million, with a term not exceeding 12 months from the date of approval by the Company's Board of Directors. The interest rate shall not be higher than the LPR loan market quotation announced by the People's Bank of China. The Company may use the financial assistance in a revolving manner within the aforementioned term and amount according to actual circumstances, and may repay it in advance. The Company does not need to provide any form of guarantee for this financial assistance.
According to the relevant regulations of the "Listing Rules of the Shenzhen Stock Exchange," Keyuan Group is the controlling shareholder of the Company and a related party to the Company. This financial assistance constitutes a related party transaction.
On June 18, 2026, the Company held the 26th meeting of the Seventh Board of Directors, which deliberated and approved the "Proposal on Accepting Financial Assistance from the Controlling Shareholder and Related Party Transaction" with 4 votes in favor, 0 votes against, and 0 abstentions. Related directors Huang Zhenhua, Tao Chunfeng, Tao Qianwei, Zhang Chaoliang, and Yan Xianfa abstained from voting. This related party transaction has been reviewed and approved by the independent directors' special meeting.
The aforementioned related party transaction is for the Company to accept financial assistance from a related party, with an interest rate not higher than the market loan quotation rate, and the Company does not need to provide corresponding guarantees. In accordance with Article 6.3.10 of the "Listing Rules of the Shenzhen Stock Exchange," the Company has applied to the Shenzhen Stock Exchange for exemption from submitting this matter for shareholder approval as required by Article 6.3.7. After this proposal is approved by the Board of Directors, it does not need to be submitted for shareholder approval.