Guangdong Neway Electronics Co., Ltd.
Announcement on Progress of Guarantee for Wholly-Owned Subsidiary
Guangdong Neway Electronics Co., Ltd. (hereinafter referred to as "Neway Shares" or "the Company") and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosure, and there are no false records, misleading statements, or major omissions.
I. Overview of Guarantee Situation
Guangdong Neway Electronics Co., Ltd. held its eleventh meeting of the Seventh Board of Directors on April 28, 2026, and its 2025 annual shareholders' meeting on May 22, 2026, which approved the "Proposal on the Company Providing Guarantees for Subsidiaries in 2026." It was agreed that the Company would provide a joint liability guarantee for its wholly-owned subsidiary PT Donlim Technology Indonesia (hereinafter referred to as "Indonesian Dongling Technology") for its financing business (including but not limited to non-current asset loans, working capital loans, opening bank acceptance bills, letters of credit, discounting of commercial acceptance bills, acceptance, forward foreign exchange, etc.) and other daily operational needs (including but not limited to applying for credit limits from suppliers, performance guarantees, product quality guarantees, and other guarantees related to daily operations) with a total amount not exceeding RMB 1,000 million or its equivalent in US dollars. For details, please refer to the "Announcement on Providing Guarantees for Subsidiaries" disclosed by the Company on April 29, 2026, in China Securities Journal, Shanghai Securities News, Securities Times, Securities Daily, and the CNINFO website (http://www.cninfo.com.cn).
II. Progress of Guarantee