002828SZSE

Announcement on the Estimated External Guarantee Limit for 2026

Beiken Energy Co., Ltd.··7 pages

✨ AI Summary

The announcement outlines the estimated external guarantee limit of up to RMB 400 million for 2026, aimed at supporting the daily operations of subsidiaries. The board approved the proposal, which will be submitted for shareholder approval. The guarantees will include various forms and will be effective for twelve months post-approval.

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Full Translation

AI Translation· azure_openai

Securities Code: 002828
Securities Abbreviation: Beiken Energy
Announcement Number: 2026-015

Beiken Energy Holding Group Co., Ltd. (hereinafter referred to as "the Company") and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.

On April 29, 2026, the Company held the tenth meeting of the sixth board of directors, where it reviewed and approved the proposal on the estimated external guarantee limit for 2026. This matter is subject to approval by the Company's 2025 annual general meeting of shareholders, with the specific content announced as follows:

1. Overview of Guarantees

To meet the daily operational and business development needs of the Company and its subsidiaries, the Company and its subsidiaries plan to provide guarantees totaling no more than RMB 400 million for the wholly-owned subsidiaries: Xinjiang Beiken Equipment Manufacturing Co., Ltd., Beiken Energy (Chengdu) Co., Ltd. (hereinafter referred to as "Beiken Chengdu"), and Beiken (Xinjiang) Energy Co., Ltd., and Xinjiang Beiken Chemical Co., Ltd. Among these, the guarantee limit for entities with a debt-to-asset ratio of 70% (inclusive) or below shall not exceed RMB 350 million, while the limit for entities with a debt-to-asset ratio above 70% shall not exceed RMB 50 million. Upon the effectiveness of this estimated guarantee limit, any previously reviewed unused guarantee limits will automatically become invalid. The forms of guarantees include but are not limited to mortgage guarantees, pledge guarantees, general guarantees, and joint liability guarantees. The above guarantee limits include new guarantees as well as extensions or renewals of existing guarantees, with the actual guarantee amount and duration subject to the final signed guarantee contracts.

2. Estimated Guarantee Limits for 2026

GuarantorGuaranteed PartyGuarantor's Shareholding RatioGuaranteed Party's Latest Debt-to-Asset RatioCurrent Guarantee Balance (10,000 RMB)2026 Estimated Guarantee Limit (10,000 RMB)Guarantee Limit as a Percentage of the Latest Audited Net Assets of the Listed CompanyIs it a Related Guarantee?
Beiken Energy (Chengdu) Co., Ltd.100.00%45.09%17,850.0030,000.0043.77%No
Xinjiang Beiken Equipment Manufacturing Co., Ltd.100.00%2.29%02,000.002.92%No
Xinjiang Beiken Chemical Co., Ltd.100.00%20.95%03,000.004.38%No
Subtotal17,850.0035,000.0050.07%
Beiken (Xinjiang) Energy Co., Ltd.100.00%80.56%05,000.007.29%No
Subtotal05,000.007.29%
Total17,850.0040,000.0058.36%

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