Securities Code: 002404 Securities Abbreviation: Jiaxin Silk Announcement No.: 2026-026
Announcement on Guarantee Provided by Holding Subsidiary and Grandchild Company for Holding Grandchild Company
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
Guangxi Jiaxin Silk Co., Ltd. (hereinafter referred to as "the Company"), its holding subsidiary Guangxi Jiaxin Silk Co., Ltd., and its holding grandchild companies Zhejiang Jiaxin Leasing Co., Ltd. and Jiaxing Zhongsi Cocoon Silk Home Textile Co., Ltd. (collectively referred to as "the Guarantors") intend to provide a guarantee for the Company's holding grandchild company Guangxi Jiaxin Pawn Co., Ltd. (hereinafter referred to as "Guangxi Jiaxin Pawn"). The guarantee method is joint and several liability, with a guarantee limit not exceeding RMB 30 million. This limit will be used on a revolving basis within the approved amount, and the actual outstanding guarantee balance at any time shall not exceed RMB 30 million. The authorization period for this guarantee limit shall be from the date of approval by the shareholders' meeting (or shareholders) of the Guarantors until the date of the next shareholders' meeting (or shareholders) makes a new resolution (or decision) (in principle, one year).
The above guarantee matter was reviewed and approved by the internal approval bodies of the Guarantors on April 27, 2026. The resolutions or decisions related to the guarantee for Guangxi Jiaxin Pawn previously approved by the Guarantors will automatically become invalid after the approval of this matter. In accordance with the relevant provisions of the "Shenzhen Stock Exchange Listed Company Self-Regulatory Management Guide No. 1 - Standardized Operation of Main Board Listed Companies," this matter has completed the internal decision-making procedures of the holding subsidiary and does not require submission to the Company's Board of Directors and Shareholders' Meeting for deliberation.