Securities Code: 002402 Securities Abbreviation: He Tai Tai Announcement Number: 2026-015 Shenzhen and Tai Smart Control Co., Ltd. Announcement on Progress of Guarantee for Holding Subsidiary The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and have no false records, misleading statements, or major omissions.
I. Overview of Guarantee Situation
Shenzhen and Tai Smart Control Co., Ltd. (hereinafter referred to as the "Company") held the 25th meeting of the Sixth Board of Directors on April 21, 2025, and deliberated and passed the "Proposal on Providing Guarantees for Subsidiaries and Grand-subsidiaries" at the 2024 Annual Shareholders' Meeting held on May 14, 2025. It was agreed that the Company would provide guarantees for its consolidated subsidiaries, Shenzhen and Tai New Materials Technology Co., Ltd. (hereinafter referred to as "New Materials"). The scope of guarantees includes, but is not limited to, applying for bank credit lines, loans, issuing guarantees, opening letters of credit, performance guarantees, and bank acceptance bills. The types of guarantees include, but are not limited to, guarantees, mortgages, pledges, and counter-guarantees. The validity period of the guarantee line of credit shall be one year from the date of approval by the Company's shareholders' meeting, and the guarantee line of credit can be used cyclically within the authorized period. For specific details, please refer to the "Announcement on Providing Guarantees for Subsidiaries and Grand-subsidiaries" (Announcement Number: 2025-024) published by the Company on April 23, 2025, in "China Securities Journal," "Securities Times," and Giant Information Network (www.cninfo.com.cn).
Recently, for the purpose of meeting the needs of daily production and operation and reducing financing costs, the Company's holding subsidiary, New Materials, applied to the Shenzhen High-tech Zone Branch of Bank of China (hereinafter referred to as "Bank of China") for a credit line of RMB 5 million. This credit line is guaranteed by Shenzhen High-tech Investment Small and Micro Enterprise Financing Guarantee Co., Ltd. (hereinafter referred to as "Shenzhen High-tech Investment"). The Company provides a joint and several liability counter-guarantee to Shenzhen High-tech Investment for this credit line of New Materials. At the same time, other shareholders of the Company's holding subsidiary, New Materials, provide counter-guarantees to the Company in proportion to their capital contributions.
The Company's counter-guarantee for the RMB 5 million bank credit line of its holding subsidiary, New Materials, is within the scope of the guarantee limit previously approved by the Company. The specific situation is as follows: