Securities Code: 002388 Securities Abbreviation: Xin Ya Precision Announcement No.: 2026-011
Xin Ya Precision (Zhejiang) Co., Ltd. Announcement on Providing Guarantee for Subsidiary's Bank Credit Application
The Company and all members of the Board of Directors guarantee the authenticity, accuracy, and completeness of the announcement, and assume joint and several liability for any false or misleading statements or material omissions therein.
Special Notice: Xin Ya Precision (Zhejiang) Co., Ltd. (hereinafter referred to as the "Company" or "this Company") is providing this guarantee for its subsidiaries within the consolidated financial statements. The asset-liability ratio of the entities to be guaranteed is less than 70%. This guarantee is primarily for the aforementioned subsidiaries to apply for bank credit or to meet their business development needs. The risk is controllable. Investors are kindly requested to pay close attention to the guarantee risk.
I. Overview of Guarantee Situation
(I) Basic Situation of This Guarantee
To meet the needs of daily business development, Shenzhen Xin Ya New Materials Co., Ltd. (hereinafter referred to as "Xin Ya New Materials"), a wholly-owned subsidiary of the Company, is applying for a bank credit line of RMB 10 million from Shanghai Bank Co., Ltd. Shenzhen Branch (hereinafter referred to as "Shanghai Bank"). The Company will provide a joint and several liability guarantee for this credit line.
(II) Deliberation Situation
The Company held the 26th meeting of the Sixth Board of Directors on April 27, 2025, and the 2024 Annual General Meeting on May 21, 2025, respectively. The meetings deliberated and approved the "Proposal on the Company and its Subsidiaries Applying for Comprehensive Credit Line and Providing Guarantees in 2025". To meet the financing needs of the Company and its subsidiaries, and to ensure standardized operations and controllable risks, combined with the guarantee implementation situation in 2024, the Company and its subsidiaries plan to have a total guarantee amount not exceeding RMB 1.5 billion (inclusive) in 2025. Among them, the guarantee amount for entities with an asset-liability ratio not exceeding 70% shall not exceed RMB 500 million (inclusive), and the guarantee amount for entities with an asset-liability ratio exceeding 70% shall not exceed RMB 1 billion (inclusive). The validity period is from the date of approval by the Company's 2024 Annual General Meeting until the 2025 Annual General Meeting deliberates on the same proposal. For details, please refer to the "Announcement on the Company and its Subsidiaries Applying for Comprehensive Credit Line and Providing Guarantees in 2025" disclosed by the Company on the Juchao Information Network (www.cninfo.com.cn) on April 29, 2025. The current credit and guarantee matters are within the scope of the 2025 external guarantee amount approved by the 2024 Annual General Meeting and authorized by the Company's management to be responsible for signing relevant guarantee agreements with financial institutions (or signing them one by one), without the need for further board or shareholder meetings for approval.