Beijing Topstar Technology Co., Ltd.
Announcement on Progress of Guarantees for Subsidiaries
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
I. Annual Guarantee Quota
Beijing Topstar Technology Co., Ltd. (hereinafter referred to as the "Company") held the 18th meeting of the Sixth Board of Directors on March 20, 2026, and the first extraordinary general meeting of shareholders in 2026 on April 9, 2026. The proposal "Resolution on the Estimated Guarantee Quota for Subsidiaries in 2026" was reviewed and approved, agreeing that the Company and its holding subsidiaries would provide a guarantee quota not exceeding RMB 521 million for its holding subsidiaries within the scope of consolidated financial statements. The guarantee period is 12 months from the date the proposal is approved by the shareholders' meeting, and this quota can be used repeatedly within its validity period. For details, please refer to the "Resolution on the Estimated Guarantee Quota for Subsidiaries in 2026" (Announcement No.: 2026-008) published by the Company in China Securities Journal, Securities Times, and on the Juchao Information Network on March 24, 2026.
II. Progress of Guarantees
To support the business development of its subsidiaries, the Company has recently provided guarantees for financing matters of its wholly-owned subsidiary Xi'an Topstar Navigation Technology Co., Ltd. (hereinafter referred to as "Xi'an Navigation") and its holding subsidiary Wuhan Topstar Space Information Technology Co., Ltd. (hereinafter referred to as "Wuhan Space"). The details are as follows:
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The Company's wholly-owned subsidiary Xi'an Navigation applied for financing from the Zhengzhou Airport Economy Zone Branch of Bank of China Limited. The financing amount is RMB 10 million, mainly for daily operations. The Company provided a guarantee for the above matter and signed a "Maximum Amount Guarantee Contract" with the Zhengzhou Airport Economy Zone Branch of Bank of China Limited. The maximum principal balance of the guarantee under the guarantee contract is RMB 10 million.
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The Company's holding subsidiary Wuhan Space applied for financing from the Zhengzhou Airport Economy Zone Branch of Bank of China Limited. The credit line is RMB 10 million, mainly for daily operations. The Company and its wholly-owned subsidiary Guangzhou Topstar Electronic Technology Co., Ltd. (hereinafter referred to as "Guangzhou Topstar") provided guarantees for the above matter according to their shareholding ratios and signed a "Maximum Amount Guarantee Contract" with the Zhengzhou Airport Economy Zone Branch of Bank of China Limited. The maximum principal balance of the guarantee under the guarantee contract is RMB 10 million in total. Among them, the maximum principal amount guaranteed by the Company is RMB 3 million, and the maximum principal amount guaranteed by Guangzhou Topstar is RMB 7 million.
Before the above guarantees, the Company had used RMB 31.605 million of the RMB 521 million guarantee quota for its subsidiaries in 2026 (including RMB 18.405 million for subsidiaries with a debt-to-asset ratio below 70% and RMB 13.200 million for subsidiaries with a debt-to-asset ratio above 70%). The remaining available guarantee quota was RMB 20.495 million. After the above guarantees (total guarantee amount of RMB 20 million), the remaining available guarantee quota is RMB 18.495 million.
III. Basic Information of the Guaranteed Parties