Securities Code: 002757 Securities Abbreviation: Nanxing Shares Announcement No.: 2026-025
Nanxing Equipment Co., Ltd. Announcement on Subsidiary's Application for Credit Line and Company's Guarantee
The Company and all members of its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false representations, misleading statements, or material omissions.
Nanxing Equipment Co., Ltd. (hereinafter referred to as the "Company") held the eighth meeting of the fifth board of directors on June 22, 2026, and deliberated and passed the "Proposal on the Subsidiary's Application for Credit Line and the Company's Guarantee." This proposal needs to be submitted to the Company's shareholders' meeting for deliberation. The relevant matters are hereby announced as follows:
I. Overview of Guarantee Situation
Based on business development and working capital turnover needs, the Company intends to provide a joint liability guarantee for its holding subsidiary Guangdong Weinetwork Technology Co., Ltd. (hereinafter referred to as "Weinetwork") to apply for a credit line from the bank, with a total amount not exceeding RMB 1 billion. The information of the guaranteed company and the guarantee amount the Company intends to provide are as follows:
| Guarantor | Guaranteed Party | Guarantor's Shareholding Ratio | Guaranteed Party's Latest Period Asset-Liability Ratio | Balance of Outstanding Guarantees (RMB 10,000) | Newly Increased Guarantee Amount (RMB 10,000) | Guarantee Amount as a Percentage of Company's Latest Net Assets | Whether a Related Party Guarantee |
|---|---|---|---|---|---|---|---|
| Company | Weinetwork | 90% | 56.60% | 24,802.82 | 100,000.00 | 48.58% | No |