Securities Code: 002388 Securities Abbreviation: New Asia Process Announcement No.: 2026-013
New Asia Process (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 truthfulness, accuracy, and completeness of the announcement, and assume joint and several liability for any false statements, misleading statements, or material omissions therein.
Special Reminder: This guarantee by New Asia Process (Zhejiang) Co., Ltd. (hereinafter referred to as the "Company" or "this Company") is a guarantee for its subsidiaries within the consolidated financial statements. The asset-liability ratio of the subsidiary to be guaranteed exceeds 70%. This guarantee is mainly for the purpose of the above-mentioned subsidiary applying for credit from banks or meeting its business development needs. The risk is controllable, and investors are 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, the Company's subsidiary, Quzhou City Yunyan Trading Co., Ltd. (hereinafter referred to as "Yunyan Trading"), has applied to Beijing Bank Co., Ltd. Quzhou Branch (hereinafter referred to as "Beijing Bank") for a bank credit line of RMB 10 million, for which the Company provides a joint liability guarantee.
(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. 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 anticipate that the total guarantee amount in 2025 will not exceed RMB 1.5 billion (inclusive), of which the guarantee amount for entities with an asset-liability ratio not exceeding 70% will not exceed RMB 500 million (inclusive), and the guarantee amount for entities with an asset-liability ratio exceeding 70% will 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 deliberation of the same proposal at the 2025 Annual General Meeting. 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 credit and guarantee matters are within the scope of the 2025 external guarantee amount approved by the 2024 Annual General Meeting and within the authorization scope. The specific guarantee matters that occurred this time have been authorized by the shareholders' meeting to the Company's management to be responsible for signing relevant guarantee agreements with financial institutions (or signing them one by one), and no separate board of directors or shareholders' meeting is required for deliberation.