Securities Code: 002429 Securities Abbreviation: Topband Co. Announcement No.: 2026-011
Shenzhen Topband Co., Ltd. Announcement on Progress of Guarantees for Subsidiaries' Daily Operations
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and have no false records, misleading statements, or major omissions.
I. Overview of Guarantee Situation
Shenzhen Topband Co., Ltd. (hereinafter referred to as the "Company") held its 9th meeting of the 6th Board of Directors on January 12, 2024, and its 1st Extraordinary General Meeting of Shareholders on April 18, 2024, respectively. The meetings deliberated and approved the "Proposal on Providing Guarantees for Holding Subsidiaries." It was agreed that the Company would provide a maximum guarantee for all claims formed by downstream customers against Guangdong Topband Ruigu Communication Co., Ltd. (hereinafter referred to as "Ruigu") in the course of business operations, in proportion to its shareholding. The maximum guarantee amount was RMB 10,000 million, with a guarantee period not exceeding 3 years. In May 2024, the Company issued a "Guarantee Letter" to downstream customers, with a maximum guarantee amount not exceeding RMB 10,000 million. For details, please refer to the relevant announcements disclosed by the Company on the Juchao Information Network (www.cninfo.com.cn) on January 16, 2024, and May 7, 2024.
The Company held its 25th meeting of the 6th Board of Directors on February 5, 2026, and its 1st Extraordinary General Meeting of Shareholders on March 5, 2026, respectively. The meetings deliberated and approved the "Proposal on Providing Guarantees for Daily Operations of Subsidiaries." It was agreed to increase the guarantee limit for Ruigu's daily operations. The specific plan is as follows: the Company will provide a maximum guarantee for all claims formed by downstream customers against Ruigu in their business dealings, in proportion to its shareholding. The maximum guarantee amount will not exceed RMB 200,000 million (including the RMB 10,000 million guarantee that has not yet expired). Upon the signing and effectiveness of the new guarantee contract, the original guarantee contract will be automatically terminated. The scope of the guarantee includes, but is not limited to, the principal debt, interest, late fees, compensation for damages, and costs incurred in seeking legal remedies. The guarantee period will not exceed 3 years. The specific guarantee amount, guarantee period, and guarantee method will ultimately be subject to the actual guarantee letter issued by the Company to downstream customers. For details, please refer to the "Announcement on Progress of Guarantees for Subsidiaries' Daily Operations" and the "Resolution of the First Extraordinary General Meeting of Shareholders in 2026" disclosed by the Company on the Juchao Information Network (www.cninfo.com.cn) on February 7, 2026, and March 6, 2026, respectively.