Guangdong TCL Smart Appliances Co., Ltd. (hereinafter referred to as "the Company") held the 11th meeting of the 6th Board of Directors on March 9, 2026, where it reviewed and approved the proposal regarding the application for the guarantee limit and related transactions for 2026. The relevant matters are announced as follows:
I. Overview of Guarantee and Related Transactions
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The related transaction involves the Company or its subsidiaries applying to the related party TCL Industrial Holdings Co., Ltd. or its subordinate units (hereinafter referred to as "TCL Industrial") for guarantees to provide support for the Company's daily business operations and working capital loans. The guarantee will be a joint liability guarantee, with an amount not exceeding 5.9 billion RMB or its equivalent in foreign currency, and the guarantee fee rate will not exceed 2‰ (annualized). The specific amount will depend on the funding needs of the Company and its subsidiaries and the specific contracts signed. The Company and its subsidiaries are not required to provide counter-guarantees. This guarantee limit is valid from the date of approval by the Company's 2025 annual shareholders' meeting until the date of the 2026 annual shareholders' meeting.
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Explanation of Related Relationships
TCL Home Appliances Group Co., Ltd. is the controlling shareholder of the Company, and TCL Industrial holds 100% of TCL Home Appliances Group Co., Ltd. According to Article 6.3.3, Paragraph 2, Item (2) of the Shenzhen Stock Exchange Listing Rules, TCL Industrial is a related legal entity of the Company.