Guangdong Lingyi Intelligent Manufacturing Co., Ltd. Announcement on Progress of Guarantees for Subsidiaries
The Company and the Board of Directors guarantee that the information disclosed herein is true, accurate, and complete, and that there are no false representations, misleading statements, or material omissions.
I. Overview of Guarantee Situation
Guangdong Lingyi Intelligent Manufacturing Co., Ltd. (hereinafter referred to as the "Company") held the 22nd meeting of the 6th Board of Directors and the 6th extraordinary general meeting of shareholders in 2025 on December 5, 2025, and December 22, 2025, respectively, and approved the "Proposal on Guarantee Matters for the Company and its Subsidiaries in 2026". To ensure the normal production and operation of the Company and its subsidiaries, the Company (including its holding subsidiaries) plans to provide guarantees for the financing or other performance obligations of the Company and its subsidiaries in 2026, with an estimated total guarantee quota not exceeding RMB 40,000 million. Within the above guarantee quota, the Company's management may adjust the guarantee quota between the Company (including its holding subsidiaries) and its subsidiaries, and between subsidiaries and the Company, based on actual operating conditions, and may also allocate guarantee quotas to newly established subsidiaries. For details, please refer to the "Announcement on Guarantee Matters for the Company and its Subsidiaries in 2026" disclosed by the Company on the Juchao Information Network (www.cninfo.com.cn) on December 6, 2025.
II. Progress of Guarantees
Recently, Ningbo Xianglong Automotive Parts Co., Ltd. (hereinafter referred to as "Ningbo Xianglong"), a holding subsidiary of the Company, and the Ningbo Branch of China Guangfa Bank Co., Ltd. (hereinafter referred to as "Guangfa Bank") signed a "Maximum Amount Guarantee Contract" to provide joint and several liability guarantee for the series of principal contracts signed between Zhejiang Xianglong Machinery Co., Ltd. (hereinafter referred to as "Zhejiang Xianglong"), a holding subsidiary of the Company, and Guangfa Bank from June 17, 2026, to March 19, 2027, for a maximum principal balance of RMB 200 million. The guarantee period is three years from the date when the debtor fulfills its obligations under the principal contract.
Triumph Lead (Singapore) Pte. Ltd. (hereinafter referred to as "Triumph Lead"), a wholly-owned subsidiary of the Company, issued a GUARANTEE BY LIMITED COMPANY (LIMITED AMOUNT) (hereinafter referred to as the "Guarantee Letter") to The Hongkong and Shanghai Banking Corporation Limited (hereinafter referred to as "HSBC") for the banking facilities (hereinafter referred to as the "Credit Facility Letter") signed between Salcomp Manufacturing India Pvt Ltd (hereinafter referred to as "Salcomp Manufacturing"), a wholly-owned subsidiary of the Company, and HSBC, providing a maximum guarantee of USD 29,660,050 for the principal debt. The combined financing period before and after shipment shall not exceed 180 days. This guarantee is a continuing guarantee and is effective for the ultimate outstanding debts incurred by Salcomp Manufacturing under the credit facility from time to time. Even if Salcomp Manufacturing repays part or all of the debt midway, the guarantee liability remains; this guarantee will terminate one month after HSBC receives the written termination notice from the guarantor. Even if the guarantor has issued a termination notice, the guarantee still remains effective for any guaranteed amounts that have been generated or may be generated by Salcomp Manufacturing before the notice takes effect. Regardless of whether the collection occurs before, on, or after the notice of termination, the guarantor shall still pay such amounts as required by HSBC.