Yunnan Lincang Xinyuan Geology Co., Ltd. Announcement on the Guarantee Provided by a Controlling Subsidiary for a Wholly-Owned Subsidiary
The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
I. Overview of the Guarantee
On May 25, 2026, the fifth meeting of the ninth board of directors of Yunnan Lincang Xinyuan Geology Co., Ltd. (hereinafter referred to as "the Company") reviewed and approved the proposal on the guarantee provided by the controlling subsidiary for the wholly-owned subsidiary. The board agreed to allow the controlling subsidiary, Yunnan Zhongke Xinyuan Crystal Materials Co., Ltd. (hereinafter referred to as "Zhongke Xinyuan"), to apply for a fixed asset loan of 85 million RMB from the Kunming Dianchi National Tourism Resort Branch of Agricultural Bank of China (hereinafter referred to as "Agricultural Bank"), with a loan term not exceeding six years (including a one-year grace period). In light of the above, it was agreed that Zhongke Xinyuan would mortgage the newly added machinery and equipment for the "Space Solar Cell Germanium Wafer Construction Project" and two patent rights it holds to Agricultural Bank to provide a guarantee for the fixed asset loan; it was also agreed that the controlling subsidiary, Yunnan Xinyao Semiconductor Materials Co., Ltd. (hereinafter referred to as "Xinyao"), would provide a full joint liability guarantee for Zhongke Xinyuan's aforementioned loan. This guarantee does not constitute a related party transaction, nor does it constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies," and does not require approval from relevant authorities; it can be implemented after being reviewed and approved by the company's board of directors.