Securities Code: 002429 Securities Abbreviation: Topband Stock Announcement No.: 2026-014 Shenzhen Topband Co., Ltd. Announcement on Progress of Guarantee for Subsidiaries Applying for Comprehensive Credit Line The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false records, misleading statements, or material omissions.
I. Overview of Guarantee Situation Shenzhen Topband Co., Ltd. (hereinafter referred to as the "Company") held its 18th meeting of the Sixth Board of Directors and the 2024 Annual Shareholders' Meeting on April 15, 2025, and May 7, 2025, respectively. The proposal on "Guarantee for Subsidiaries Applying for Comprehensive Credit Line" was deliberated and approved. It was agreed that the Company and its subsidiaries within the scope of consolidated financial statements would provide guarantees for subsidiaries applying for comprehensive credit lines from banks/financial institutions. The estimated guarantee amount for 2025 will not exceed RMB 7,720 million and USD 10 million. The specific guarantee amount, method, scope, and term shall be subject to the relevant contract. The guarantee limit can be adjusted among subsidiaries according to the actual situation. The validity period of the guarantee limit is from the date of approval by the Company's 2024 Annual Shareholders' Meeting to the date of the 2025 Annual Shareholders' Meeting. For details, please refer to the "Announcement on Guarantee for Subsidiaries Applying for Comprehensive Credit Line" and the "Resolution of the 2024 Annual Shareholders' Meeting" disclosed by the Company on Juchao Information Network (www.cninfo.com.cn) on April 17, 2025, and May 8, 2025.
II. Progress of Guarantee Recently, the Company, as the guarantor, signed the "Maximum Guarantee Contract" with Bank of China Nanchang Qinghu Branch (hereinafter referred to as "Bank of China") to provide a joint liability guarantee for the comprehensive credit line applied by its subsidiary Jiangxi Topband Crystal Display Co., Ltd. (hereinafter referred to as "Jiangxi Crystal Display") from Bank of China. The above guarantee matter is within the scope of the guarantee limit approved by the 18th meeting of the Sixth Board of Directors and the 2024 Annual Shareholders' Meeting of the Company, and does not require further submission to the Board of Directors or Shareholders' Meeting for approval. The main contents of the guarantee contract are hereby announced as follows.