Securities Code: 002387 Securities Abbreviation: VNice Announcement No.: 2026-045 Announcement on the Estimated Guarantee Quota for the Company and Subsidiaries in 2026 The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Special Risk Warning: As of now, the total external guarantee amount of VNice Technology Co., Ltd. (hereinafter referred to as the "Company") and its holding subsidiaries (including guarantees for subsidiaries within the consolidated financial statements) has exceeded 100% of the Company's latest audited net assets. The guarantee amount has exceeded 50% of the Company's latest audited net assets. The guarantee amount for entities outside the consolidated financial statements has exceeded 30% of the Company's latest audited net assets. The asset-liability ratios of the guaranteed entities for this annual guarantee quota, Jiangsu Huixian Display Technology Co., Ltd. and Kunshan Industrial Research Institute New Flat Panel Display Technology Center Co., Ltd., exceed 70%. Investors are kindly requested to pay attention to investment risks.
I. Overview of Guarantee Situation On April 28, 2026, VNice Technology Co., Ltd. (hereinafter referred to as the "Company") held the 32nd meeting of the Seventh Board of Directors, which deliberated and approved the "Proposal on the Estimated Guarantee Quota for the Company and Subsidiaries in 2026." The announcement is as follows:
- To meet the capital needs for the daily operations and development of the Company and its subsidiaries, the Company plans to provide a total guarantee quota of no more than RMB 24.52 billion equivalent in 2026 for the Company and its holding subsidiaries. This includes guarantees provided by the Company for its subsidiaries, mutual guarantees between subsidiaries, guarantees provided by subsidiaries for the Company, and the aforementioned composite guarantees. The types of guarantees include general guarantee, joint and several liability guarantee, equity pledge, asset mortgage, retention, deposit, and the aforementioned composite guarantees. The scope of guarantees includes, but is not limited to, applying for bank credit lines, loans, guarantees, factoring, opening letters of credit, bank acceptance bills, trust financing, financial leasing, and debt transfer. Among these, the estimated guarantee quota for guaranteed entities with an asset-liability ratio of 70% or higher is RMB 3.2 billion; the estimated guarantee quota for guaranteed entities with an asset-liability ratio below 70% is RMB 24.2 billion (including the utilization quota for new guarantee matters in the current year and the utilization quota for guarantee matters that occurred in previous years but are still outstanding in the current year, excluding guarantee quotas approved by the Board of Directors and Shareholders' Meeting on a case-by-case basis). The specific guarantee amount and period will be executed in accordance with the contract. The validity period of the aforementioned guarantee quota is from the date of approval by the Company's 2025 Shareholders' Meeting to the date of approval of similar matters by the Company's 2026 Shareholders' Meeting. The guarantee quota can be used cyclically within its validity period. Before exceeding the annual estimated total guarantee quota,
the Company may adjust the guarantee quota among its subsidiaries based on actual business needs. For guaranteed entities with an asset-liability ratio exceeding 70%, guarantees can only be obtained from such entities. At the same time, the Company hereby requests the Board of Directors and the Shareholders' Meeting to authorize the Company's management to be responsible for the specific matters of guarantees and adjustments and to sign various legal documents within the aforementioned guarantee quota.
- The specific allocation of the guarantee quota is as follows: