Chongda Technology Co., Ltd. Announcement on Progress of Guarantees for Subsidiaries
The Company and the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and there are no false records, misleading statements or major omissions.
I. Overview of Company Guarantees
- Basic Situation of This Guarantee
Chongda Technology Co., Ltd. (hereinafter referred to as the "Company") has, for the daily production and operation needs of its subsidiary Jiangmen Chongda Circuit Technology Co., Ltd. (hereinafter referred to as "Jiangmen Chongda") and its invested subsidiary Shenzhen Sande Guan Precision Circuit Technology Co., Ltd. (hereinafter referred to as "Sande Guan"), recently signed guarantee contracts with Citibank (China) Co., Ltd. Shenzhen Branch (hereinafter referred to as "Citibank") and China Merchants Bank Co., Ltd. Shenzhen Branch (hereinafter referred to as "China Merchants Bank Shenzhen Branch") respectively, to provide credit guarantees for the credit business between the subsidiaries and the banks.
Citibank provides Jiangmen Chongda with a comprehensive credit line of RMB 200 million. The Company provides full credit guarantee for this credit business of its wholly-owned subsidiary. China Merchants Bank Shenzhen Branch provides Sande Guan with a comprehensive credit line of RMB 50 million. The Company provides a credit guarantee of RMB 24.5 million for Sande Guan's credit business, based on its 49% shareholding. Other shareholders of Sande Guan, Lou Yu Xing and Lu Ya, provide full guarantees for Sande Guan's credit business.
- Deliberation on the Company's Guarantee Quota for This Period
On April 15, 2025, the Company held the 22nd meeting of the 5th Board of Directors and the 15th meeting of the 5th Supervisory Board, and on May 9, 2025, the 2024 Annual Shareholders' Meeting deliberated and approved the "Proposal on the Estimated Guarantee Quota for the Company's Subsidiaries in 2025" and the "Proposal on the Estimated Guarantee Quota for Invested Subsidiaries and Related Party Transactions". It was agreed that the Company would provide Jiangmen Chongda and Sande Guan with guarantee quotas not exceeding RMB 130,000 million and RMB 43,610 million respectively. The validity period for the use of this guarantee quota is twelve months from the date of approval by the Shareholders' Meeting.