Changzhou Guangyang Bearing 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 major omissions.
I. Overview of Guarantees
On April 27 and May 25, 2026, the Company held the 20th meeting of the 5th Board of Directors and the 2025 Annual General Meeting, respectively, to review and approve the proposal on mutual guarantees among the Company and its subsidiaries for 2026. To meet the funding needs for daily operations and business development, the total guarantee amount for mutual guarantees among the Company and its subsidiaries is proposed to not exceed RMB 3.6 billion for 2026. Among this, the guarantee amount for entities with a debt-to-asset ratio of over 70% is limited to RMB 700 million, while for those with a debt-to-asset ratio below 70%, it is limited to RMB 2.9 billion. The scope of guarantees includes but is not limited to applying for comprehensive bank credit, loans, bank acceptance bills, letters of credit, performance bonds, special loans, forward foreign exchange, mergers and acquisitions loans, or conducting other daily operational financing activities. The methods of guarantees include but are not limited to general guarantees, joint liability guarantees, equity pledges, mortgage guarantees, and other legally compliant guarantees. The specific amounts of guarantees provided by the Company for its subsidiaries, mutual guarantees among subsidiaries, and guarantees provided by subsidiaries to the parent company will be allocated within the above limits based on actual circumstances. The above guarantee limits include new guarantees and extensions or renewals of existing guarantees, with the actual guarantee amounts subject to the final signed guarantee contracts. Within the above limits, the Company and its subsidiaries can handle the aforementioned guarantee-related businesses without the need for additional Board or shareholder meetings. The validity period of the guarantee limits is from the date of approval by the Company's 2025 Annual General Meeting until the resolution date of the 2026 Annual General Meeting. The shareholders authorize the Company's chairman or their authorized representative to fully represent the Company in signing contracts and other related legal documents concerning guarantees, with the specific content of the guarantee contracts subject to actual signing. For detailed content, please refer to the relevant announcements published by the Company on the Giant Tide Information Network (www.cninfo.com.cn).