Securities Code: 002415 Securities Abbreviation: Hikvision Announcement Number: 2026-010
Hangzhou Hikvision Digital Technology Co., Ltd. Announcement on Providing Guarantees for Subsidiaries in 2026
The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and that there are no false records, misleading statements, or material omissions.
Special Reminder: Hangzhou Hikvision Digital Technology Co., Ltd. (hereinafter referred to as "Hikvision" or "the Company") and its holding subsidiaries plan to provide guarantees for their subordinate subsidiaries. Some of the subsidiaries to be guaranteed have an asset-liability ratio exceeding 70%. Investors are requested to pay attention to the guarantee risk.
On April 16, 2026, the Company held the Ninth Meeting of the Sixth Board of Directors, which deliberated and approved the "Proposal on Providing Guarantees for Subsidiaries in 2026". It was agreed that the Company and its holding subsidiaries would provide guarantees for their subordinate subsidiaries with a total limit not exceeding RMB 7 billion. This matter is subject to the approval of the Company's shareholders' meeting. The details are as follows:
I. Overview of Guarantees
- Basic Information of This Guarantee
To meet the capital needs for the daily production, operation, and business development of subsidiaries, the Company and its holding subsidiaries plan to provide a guarantee limit of no more than RMB 7 billion for their subordinate subsidiaries to apply for comprehensive credit lines or other financing methods from banks and other financial institutions, as well as for procurement, sales, or other production and operation-related matters. The validity period is from the date of approval by the Company's 2025 shareholders' meeting to the date of the next annual shareholders' meeting. Within the validity period, the aforementioned limit can be used in a revolving manner, and the outstanding guarantee balance at any point in time shall not exceed the approved limit. The above guarantee limit does not represent the actual amount of guarantees provided by the Company and its subsidiaries; the actual amount will be subject to actual occurrences.
It is proposed that the Company's shareholders' meeting authorize the Company's management and their authorized personnel to be responsible for the specific organization, implementation, and signing of relevant contracts and sub-authorization documents. They may also appropriately adjust the guarantee limits of each subordinate subsidiary within the scope permitted by laws and regulations based on actual operating needs. The adjustment of limits must strictly comply with the "Code of Self-Regulation for Listed Companies on the Main Board of the Shenzhen Stock Exchange No. 1 - Standardized Operation of Main Board Listed Companies". For subsidiaries with an asset-liability ratio above 70%, the guarantee limit cannot be adjusted to subsidiaries with an asset-liability ratio below 70%, and vice versa.
The entities to be guaranteed are all subordinate subsidiaries of the Company and its holding subsidiaries, including but not limited to: Hikvision International Co., Limited, Hikvision Europe B.V., HIKVISION SYSTEM LIMITED, Hikvision UK Limited, Hangzhou Hikvision Digital Technology Co., Ltd., HIKVISION AUSTRALIA PTY. LTD., Hangzhou Hikvision Intelligent System Co., Ltd., Hikrobot Europe B.V., Hangzhou Hikvision Intelligent Technology Co., Ltd., Chongqing Hikvision Digital Technology Co., Ltd., Hangzhou Hikvision Electronics Co., Ltd., HIKVISION TECHNOLOGY PTE. LTD., Chongqing Hikvision System Technology Co., Ltd., and Zhengzhou Hikvision Digital Technology Co., Ltd. (hereinafter referred to as "Hikvision Hong Kong", "Hikvision Europe", "Hikvision Hong Kong System", "Hikvision UK", "Hangzhou Hikvision Technology", "Hikvision Australia", "Hikvision Intelligent System", "Hikvision Robot Europe", "Hikvision Intelligent Technology", "Chongqing Hikvision Technology", "Hangzhou Hikvision Electronics", "Hikvision Singapore Technology", "Chongqing Hikvision System", "Hangzhou Hikvision System", and "Zhengzhou Hikvision Technology").
- Board of Directors' Deliberation