Announcement on the Estimated Limit for External Guarantees in 2026
Stock Code: 002427 Stock Abbreviation: Yuhua Shares Announcement No.: 2026-013
Zhejiang Yuhua High-Tech Fiber Co., Ltd. Announcement on the Estimated Limit for External Guarantees in 2026
The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and do not contain any false records, misleading statements, or significant omissions.
Special Reminder:
- The current estimated guarantee limit has not yet taken effect, and no guarantee agreements have been signed. After the actual occurrence of the guarantee matters, the Company will fulfill its information disclosure obligations in a timely manner in accordance with relevant information disclosure regulations.
- This estimated guarantee limit is for providing guarantees to subsidiaries whose asset-liability ratio exceeded 70% as of the most recent period.
I. Overview of Guarantee Situation
Zhejiang Yuhua High-Tech Fiber Co., Ltd. (hereinafter referred to as the "Company") held the twelfth meeting of the Sixth Board of Directors on April 27, 2026, and deliberated and approved the "Proposal on the Estimated Limit for External Guarantees in 2026". To meet the actual needs of daily operations and business development, and to effectively improve the financing efficiency of subsidiaries, the Company and its subsidiaries plan to provide an additional total guarantee limit of RMB 60,000,000,000 for subsidiaries within the scope of the consolidated financial statements. The guarantee limit can be adjusted among subsidiaries (including subsidiaries not listed but within the scope of the consolidated financial statements) and is renewable. The final outstanding guarantee balance will not exceed the limit granted this time.