Securities Code: 002402 Securities Abbreviation: And Taishi Announcement Number: 2026-034
Shenzhen and Taishi Intelligent Control Co., Ltd. Announcement on Progress of Guarantee for Wholly-Owned Subsidiary
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
I. Overview of Guarantee Situation
Shenzhen and Taishi Intelligent Control Co., Ltd. (hereinafter referred to as the "Company") deliberated and approved the "Proposal on Guarantee for Subsidiaries and Grandchildren" at the 25th meeting of the Sixth Board of Directors held on April 21, 2025, and the 2024 Annual Shareholders' Meeting held on May 14, 2025. The Company agreed to provide a guarantee for its wholly-owned subsidiary, Shenzhen and Taishi Intelligent Technology Co., Ltd. (hereinafter referred to as "Intelligent Technology"). The scope of the guarantee includes, but is not limited to, applying for bank credit, 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 quota is one year from the date of approval by the Company's Shareholders' Meeting, and the guarantee quota can be used cyclically within the authorized period. For specific details, please refer to the "Announcement on Guarantee for Subsidiaries and Grandchildren" (Announcement Number: 2025-024) published by the Company on April 23, 2025, in the "China Securities Journal," "Securities Times," and Giant Information Network (www.cninfo.com.cn).
Recently, to support the advancement of Intelligent Technology's infrastructure project, the Company signed a "Guarantee Issuance Agreement" with the Nanshan Branch of China Construction Bank Co., Ltd. (hereinafter referred to as "Construction Bank"). The Company entrusted Construction Bank to issue a payment guarantee for the main construction project of the Intelligent Technology's digital intelligence R&D technology park (basic matters or basic contracts). The amount of the payment guarantee is RMB 20.5 million.
The amount of the payment guarantee issued by the Company for its wholly-owned subsidiary Intelligent Technology this time is within the scope of the guarantee quota previously approved by the Company. The specific situation is as follows: