Securities Code: 002547
Securities Abbreviation: *ST Chunxing
Announcement Number: 2026-062
Suzhou Chunxing Precision Industry Co., Ltd. (hereinafter referred to as "the Company" or "Chunxing Precision") and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder: The total amount of external guarantees provided by Suzhou Chunxing Precision Industry Co., Ltd. and its holding subsidiaries exceeds 100% of the audited net assets for the year 2025, and the guarantee amount for the guaranteed objects with a debt-to-asset ratio exceeding 70% also exceeds 100% of the audited net assets for the year 2025. Investors should pay full attention to guarantee risks.
I. Overview of External Counter-Guarantee
(1) Basic Information of the Guarantee
The wholly-owned subsidiary Jinzhai Chunxing Precision Industry Co., Ltd. (hereinafter referred to as "Jinzhai Chunxing") holds 98% of the shares of Xuancheng Chunxing Machinery Manufacturing Co., Ltd. (hereinafter referred to as "Xuancheng Chunxing"), while the wholly-owned subsidiary Suzhou Chunxing Investment Co., Ltd. holds 2% of the shares of Xuancheng Chunxing. Xuancheng Chunxing is applying for a loan of 10 million yuan from Xuancheng Wanan Rural Commercial Bank Co., Ltd.; Xuancheng Kaisheng Financing Guarantee Co., Ltd. (hereinafter referred to as "Xuancheng Guarantee Company") provides a guarantee for the aforementioned loan, with a guarantee period tentatively set for one year. The Company and its subsidiary Jinzhai Chunxing provide joint liability counter-guarantees for the aforementioned guarantee, with a guarantee period of three years, starting from the date the guarantor compensates the bank on behalf of the guaranteed party. The counter-guarantee provided by the Company and Jinzhai Chunxing to Xuancheng Guarantee Company is formed due to the financing of the subsidiary Xuancheng Chunxing and is not related to other actions of the Company or its subsidiaries.
(2) Review Procedures Already Completed
The counter-guarantee matter has been reviewed and approved by the independent directors in a special meeting. The 32nd meeting of the 6th Board of Directors has approved the proposal on providing counter-guarantee for the financing of the subsidiary Xuancheng Chunxing. According to the relevant provisions of the Articles of Association and the Shenzhen Stock Exchange Listing Rules, this proposal needs to be submitted to the shareholders' meeting for review.