Securities Code: 002404 Securities Abbreviation: Jiaxin Silk Announcement No.: 2026-007
Announcement on Guarantee Provided by a Wholly-Owned Subsidiary for its Wholly-Owned Subsidiary
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosure, and there are no false records, misleading statements, or major omissions.
I. Overview of Guarantee Situation
Jiaxing Yijia Metal Products Co., Ltd. (hereinafter referred to as "Yijia Metal"), a holding subsidiary of Zhejiang Jiaxin Silk Co., Ltd. (hereinafter referred to as the "Company"), intends to provide a guarantee for its wholly-owned subsidiary, Jiaxing Tianxin Hardware Products Co., Ltd. (hereinafter referred to as "Tianxin Hardware"). The guarantee method is a joint liability guarantee, with a guarantee limit not exceeding RMB 20 million. This guarantee will be used on a rolling basis within the above limit, and the actual outstanding guarantee balance at any point in time shall not exceed RMB 20 million. The authorization period for this guarantee limit shall be from the date of approval by the shareholders' meeting of Yijia Metal to the date of the new resolution made at the next annual shareholders' meeting (generally one year).
The above guarantee matter was deliberated and approved by the shareholders' meeting of Yijia Metal on March 10, 2026. In accordance with the relevant provisions of the "Self-Regulatory Guidelines for Listed Companies on the Shenzhen Stock Exchange No. 1 - Standardized Operation of Main Board Listed Companies," this matter has completed the internal decision-making procedures of the holding subsidiary Yijia Metal and does not need to be submitted to the Company's Board of Directors and Shareholders' Meeting for deliberation.