Guangdong Yinglian Packaging Co., Ltd. (hereinafter referred to as "the Company" or "this Company") and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
I. Overview of Guarantee Approval
On April 20, 2026, the Company held the fourth meeting of the fifth board of directors and on May 18, 2026, the annual shareholders' meeting for 2025, where the proposal regarding the estimated amount of guarantees and financial assistance for 2026 was approved. According to the above resolution, the Company and its subsidiaries (including subsidiaries and sub-subsidiaries) are approved to provide external guarantees for 2026 as follows:
- The Company and its subsidiaries plan to provide guarantees totaling no more than RMB 3 billion (including the principal) for subsidiaries to apply for credit financing from financial institutions and to pay suppliers, including:
- (1) Guarantees for subsidiaries with a debt-to-asset ratio exceeding 70% for credit financing not exceeding RMB 1 billion.
- (2) Guarantees for subsidiaries with a debt-to-asset ratio not exceeding 70% for credit financing not exceeding RMB 1.8 billion.
- (3) The Company and its subsidiaries will provide counter-guarantees not exceeding RMB 100 million for third-party institutions guaranteeing credit financing for subsidiaries.
- (4) Guarantees for subsidiaries related to supplier payments totaling no more than RMB 100 million.
- Subsidiaries are expected to provide guarantees for the parent company based on actual financing needs, with a maximum of RMB 400 million for credit financing in 2026. The actual guarantee amount will be based on the actual needs of the Company or its subsidiaries, and the guarantee balance at any point in time shall not exceed the amount approved by the shareholders' meeting.
The guarantee methods include but are not limited to joint liability guarantees, mortgage guarantees using the assets of the Company or its subsidiaries, pledge guarantees, etc. For specific details, please refer to the announcements disclosed by the Company on April 22, 2026, and May 19, 2026, in the Securities Times, Securities Daily, Shanghai Securities Journal, China Securities Journal, and the Giant Tide Information Network (www.cninfo.com.cn).
II. Progress of Guarantees
(1) Guarantees for Subsidiaries
- Holding Subsidiary: Yinglian Metal Technology (Shantou) Co., Ltd.
The Company recently signed a "Maximum Guarantee Contract" with the Shantou Branch of Guangfa Bank Co., Ltd. (hereinafter referred to as "Guangfa Bank"), agreeing that the Company will guarantee the debts incurred by its holding subsidiary Yinglian Metal Technology (Shantou) Co., Ltd. (hereinafter referred to as "Shantou Yinglian") with Guangfa Bank over a certain period. The specific details are as follows:- (1) Contract signers:
- Creditor: Shantou Branch of Guangfa Bank Co., Ltd.
- Debtor: Yinglian Metal Technology (Shantou) Co., Ltd.
- Guarantor: Guangdong Yinglian Packaging Co., Ltd.
- (2) Main contract: The credit limit contract signed between the creditor and debtor on June 5, 2026, numbered (2026) Shanyin Comprehensive Credit No. 000038 and its amendments or supplements (including but not limited to extension contracts, and the original credit contracts under the "Credit Limit Renewal" clause in this contract).
- (3) Maximum debt amount: RMB 75,000,000.00 (in words: RMB Seven Million Five Hundred Thousand).
- (4) Guarantee scope: Includes the principal debt, interest, penalty interest, compound interest, liquidated damages, compensation for damages, and all expenses incurred to realize the creditor's rights (including but not limited to litigation fees, arbitration fees, attorney fees, travel expenses, execution fees, preservation fees, evaluation fees, auction or sale fees, transfer fees, announcement fees, etc.) and other payable expenses under the main contract.
- (5) Guarantee period: Three years from the expiration of the debtor's performance period.
- (6) Guarantee method: Joint liability guarantee.
- (1) Contract signers: