Shenzhen Yingfit Technology Co., Ltd. (hereinafter referred to as "Yingfit" or "the Company") and its wholly-owned subsidiaries have overdue bank loan debts totaling approximately 507 million RMB as of the announcement date. Among these, the Company and its subsidiaries provided joint liability guarantees for loans taken by subsidiaries, with overdue principal and interest amounting to 184 million RMB. The Company is actively communicating with creditors to explore feasible solutions to address the overdue debts, although the resolution remains uncertain.
On June 2, 2026, the Company held the 30th meeting of the 6th Board of Directors, where it reviewed and approved the proposal on the increase of financing and guarantee limits for 2026. This matter is subject to approval by the shareholders' meeting. The specific details are announced as follows:
1. Previously Approved Comprehensive Credit and Financing Limits for 2026
On April 3, 2026, and April 20, 2026, the Company held the 28th meeting of the 6th Board of Directors and the first extraordinary shareholders' meeting of 2026, respectively, where it approved the proposals for applying for comprehensive credit limits from banks and other financial institutions and for financing limits from non-financial institutions for 2026. The total amount approved for the Company and its subsidiaries is not to exceed 1.1 billion RMB (or equivalent foreign currency). The validity period of the credit and financing limits is from the date of the shareholders' meeting resolution approving the proposal until the date of the shareholders' meeting resolution approving the corresponding credit and financing limits for the next fiscal year.
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions. The Company will provide a total guarantee limit not exceeding 420 million RMB for its wholly-owned subsidiaries, and the wholly-owned subsidiaries will provide a total guarantee limit not exceeding 260 million RMB for the Company. The validity period for the guarantee limits is from the date of the shareholders' meeting resolution approving the proposal until the date of the shareholders' meeting resolution approving the corresponding guarantee limits for the next fiscal year. Specific details can be found in the relevant announcements disclosed by the Company on April 4, 2026, and April 21, 2026, on the Giant Tide Information Network.