I. Guarantee Overview
Changzhou Guangyang Axle Co., Ltd. (hereinafter referred to as "the Company") announced that on April 24, 2025, at the 14th meeting of the fifth session of the board of directors, it was approved to provide guarantees for financing services related to the Company and its subsidiaries. The total guarantee amount shall not exceed 20 million yuan, of which the guarantee amount for specific investments is 8.2 million yuan, with a guarantee amount of 70% for the investment guarantee. The guarantee amount shall not exceed 16.2 million yuan. The guarantee includes but is not limited to general guarantees, contingent guarantees, and other guarantees as required by relevant laws and regulations. The Company will provide mutual guarantees between the Company and its subsidiaries.
The Company intends to increase the guarantee amount based on the actual situation of the financing services provided, ensuring that the guarantee amount does not exceed the stipulated limits. In the scope of the guarantee, the Company and its subsidiaries require that the guarantee amount does not exceed the specified range.
II. Guarantee Progress
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The Company and Jiangsu Transportation Bank Co., Ltd. (hereinafter referred to as "Transportation Bank") signed the "Guarantee Agreement" (Agreement No.: C260316GR5764188) to provide high-level guarantees from March 13, 2026, to March 13, 2027. The maximum guarantee amount is 10 million yuan.
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The Company and its subsidiaries will provide guarantees for the financing services required by the Company.