Securities Code: 002455
Securities Abbreviation: Baichuan Shares
Announcement No.: 2026-064
Jiangsu Baichuan High-tech Materials Co., Ltd.
Announcement on the Progress of Company Guarantees
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Special Risk Warning:
As of the date of this announcement, the Company and its consolidated subsidiaries have no overdue guarantees, no guarantees involved in litigation, and have not incurred losses due to being ruled against in guarantee lawsuits.
Investors are kindly requested to pay attention to guarantee risks, as the guarantee balance between the Company's parent, subsidiaries, and sub-subsidiaries exceeds 100% of the net assets from the most recent audited period, and guarantees are provided to entities whose asset-liability ratio exceeds 70%.
I. Overview of Guarantee Situation
(I) Deliberation of Guarantees
Jiangsu Baichuan High-tech Materials Co., Ltd. (hereinafter referred to as the "Company") deliberated and approved the "Proposal on the Estimated Guarantee Quota for Guarantees within the Consolidated Financial Statements" at the eleventh meeting of the Seventh Board of Directors held on April 27, 2026, and the 2025 Annual Shareholders' Meeting held on May 19, 2026. This proposal is to meet the capital needs for the daily production, operation, and business development of parent, subsidiaries, and sub-subsidiaries within the consolidated financial statements. The proposed guarantee quota for financing applications to relevant financial institutions by parent, subsidiaries, and sub-subsidiaries within the next twelve months shall not exceed RMB 650,000.00 million. The validity period of the guarantee quota is 12 months from the date of approval by the 2025 Annual Shareholders' Meeting, and the guarantee quota can be rolled over within the validity period. For details, please refer to the "Announcement on the Estimated Guarantee Quota for Guarantees within the Consolidated Financial Statements" (Announcement No.: 2026-044) published by the Company on April 29, 2026, on "Cninfo.com.cn", "Securities Times", and "China Securities Journal".
(II) Progress of Guarantees
To meet the production, operation, and working capital needs of its subsidiaries, the Company and its consolidated subsidiaries have signed "Guarantee Contracts" and other agreements with relevant institutions, as authorized by the Shareholders' Meeting. For details, please refer to Appendix I "Guarantee Status Table".
II. Basic Information of Guaranteed Parties
The basic information of the guaranteed parties can be found in Appendix I "Guarantee Status Table" and Appendix II "Financial Information of Guaranteed Parties".
III. Main Contents of Guarantee Agreements
The main contents of the guarantee agreements can be found in Appendix I "Guarantee Status Table".