Securities Code: 002429 Securities Abbreviation: Topband Stock Announcement No.: 2026-017 Shenzhen Topband Co., Ltd. Announcement on Progress of Guarantee for Subsidiaries' Credit Application
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 18th meeting of the Sixth Board of Directors and the 2024 Annual General Meeting of Shareholders on April 15, 2025, and May 7, 2025, respectively. The proposal "Regarding the Guarantee for Subsidiaries' Credit Application" was deliberated and approved. It was agreed that the Company and its consolidated subsidiaries would provide guarantees for credit applications made by subsidiaries to banks/financial institutions. The estimated guarantee amount for 2025 is no more than 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 quota can be adjusted among subsidiaries based on actual circumstances. The guarantee quota is valid from the date of approval by the Company's 2024 Annual General Meeting of Shareholders until the date of the 2025 Annual General Meeting of Shareholders. For details, please refer to the announcements disclosed by the Company on Juchao Information Network (www.cninfo.com.cn) on April 17, 2025, and May 8, 2025, titled "Announcement on Guarantee for Subsidiaries' Credit Application" and "Resolution of the 2024 Annual General Meeting of Shareholders," respectively.