Zhejiang Jiaxin Silk Co., Ltd.
Announcement on Progress of External Guarantees
Announcement No.: 2026-037
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or material omissions.
I. External Guarantee Matters
(I) Deliberation on External Guarantees
Zhejiang Jiaxin Silk Co., Ltd. (hereinafter referred to as the "Company") held the 15th meeting of the 9th Board of Directors on March 27, 2026, and the 2025 Annual Shareholders' Meeting on April 21, 2026, respectively, and deliberated and passed the "Proposal on External Guarantees." It was agreed that the Company would provide guarantees for five holding subsidiaries, including Zhejiang Jincanwang Supply Chain Management Co., Ltd., a jointly invested company Zhejiang Yinmao Import and Export Co., Ltd., and a cocoon and silk supply chain enterprise, with a total guarantee limit not exceeding RMB 730 million. The guarantee will be used in a revolving manner within the above limit, and the actual outstanding guarantee balance at any point in time shall not exceed RMB 730 million. The validity period is from the date of deliberation and approval by the 2025 Annual Shareholders' Meeting to the date of the 2026 Annual Shareholders' Meeting. For details, please refer to the relevant announcements disclosed by the Company on March 31, 2026, and April 22, 2026, in the "Securities Times" and the Juchao Information Network (http://cninfo.com.cn).
(II) Progress of External Guarantees
On August 7, 2026, the Company signed a "Maximum Amount Guarantee Contract" (Contract No.: 08900BY26000542) with the Jiaxing Branch of Bank of Ningbo Co., Ltd. (hereinafter referred to as "Bank of Ningbo"). It is agreed that from August 7, 2026, to August 7, 2027, the Company will provide a joint liability guarantee for the loan of Zhejiang Jiaxin Jin San Ta Silk Garment Co., Ltd., a wholly-owned subsidiary, at Bank of Ningbo, with a maximum amount not exceeding RMB 10 million.