Hainengda Communication Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
I. Overview of Guarantees
The sixth meeting of the third Board of Directors held on April 7, 2026, and the annual shareholders' meeting held on April 28, 2026, approved the proposal regarding the estimated guarantee limit for subsidiaries in 2026. The Company agreed to provide joint liability guarantees for four subsidiaries within the consolidation scope, with a limit not exceeding 950 million RMB or equivalent foreign currency, valid for one year from the date of approval by the shareholders' meeting. For detailed information, please refer to the announcement disclosed by the Company on April 8, 2026 (Announcement No.: 2026-017).
The sixth meeting of the third Board of Directors and the annual shareholders' meeting approved the proposal for the Company to apply for credit limits from banks and non-bank financial institutions in 2026, agreeing to apply for a total credit limit not exceeding 3.7 billion RMB or equivalent foreign currency from 17 banks and non-bank financial institutions, with an authorization period of one year from the date of approval by the shareholders' meeting. For detailed information, please refer to the announcement disclosed by the Company on April 8, 2026 (Announcement No.: 2026-016).
The sixth meeting of the third Board of Directors and the annual shareholders' meeting approved the proposal to provide counter-guarantees for subsidiaries applying for credit limits, agreeing that the Company would provide counter-guarantees for financing by its holding subsidiary, Hades Communication Co., Ltd. (hereinafter referred to as "Hades"), to banks or non-bank financial institutions, with a guarantee amount not exceeding 49 million RMB. For detailed information, please refer to the announcement disclosed by the Company on April 8, 2026 (Announcement No.: 2026-023).