Announcement on Providing Guarantees for Subsidiaries Applying for Comprehensive Credit Lines
The company and its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and do not contain any false records, misleading statements, or major omissions.
Special Reminder: This guarantee is provided by the company and its consolidated subsidiaries for their subsidiaries. The total guarantee amount will not exceed RMB 772,000 million and USD 10 million, accounting for 46.63% of the company's latest audited net assets. This guarantee includes situations where the guaranteed party's asset-liability ratio exceeds 70%. Investors are advised to pay attention to related risks.
Shenzhen兆驰股份有限公司 (hereinafter referred to as the "Company") held the second meeting of the Seventh Board of Directors on April 22, 2026, and deliberated and passed the "Proposal on Providing Guarantees for Subsidiaries Applying for Comprehensive Credit Lines." This proposal needs to be submitted to the shareholders' meeting for deliberation. The details are as follows:
1. Overview of Guarantee Situation
To meet the operating and capital needs of its subsidiaries, the Company and its consolidated subsidiaries plan to provide guarantees for the comprehensive credit lines applied for by their subsidiaries from banks/financial institutions. The estimated guarantee amount for 2026 will not exceed RMB 772,000 million and USD 10 million. The specific guarantee amount, method, scope, and term will be subject to the relevant contract agreements. The guarantee amount can be adjusted among subsidiaries based on the actual situation. Guarantees among subsidiaries with an asset-liability ratio exceeding 70% can be adjusted, and guarantees among subsidiaries with an asset-liability ratio below 70% can be adjusted. However, guarantees between subsidiaries with an asset-liability ratio exceeding 70% and those below 70% cannot be mutually adjusted.
The validity period of this guarantee amount is from the date of approval by the Company's 2025 Annual Shareholders' Meeting until the date of the shareholders' meeting. The Board of Directors proposes that the Shareholders' Meeting authorize the Company's Chairman or his designated authorized representative to handle relevant procedures and sign all contracts, agreements, and other documents related to the guarantee amount within the approved guarantee period.
This guarantee matter has been deliberated and approved by the second meeting of the Seventh Board of Directors. In accordance with the "Shenzhen Stock Exchange Stock Listing Rules," "Company Articles of Association," and other relevant regulations, this matter does not constitute a related party transaction. However, due to Mr. Gu Wei and Mr. Ou Jun holding directorships in some subsidiaries, and out of prudence, Director Mr. Gu Wei and Mr. Ou Jun abstained from voting. This guarantee matter still needs to be submitted to the Company's 2025 Annual Shareholders' Meeting for deliberation.