Securities Code: 002886 Securities Abbreviation: Wote Shares Announcement No.: 2026-011
Shenzhen Wote New Materials Co., Ltd. Announcement on Applying for Comprehensive Credit and Guarantee from Banks
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Shenzhen Wote New Materials Co., Ltd. (hereinafter referred to as the "Company") held the 14th meeting of the Fifth Board of Directors on April 20, 2026, and approved the "Proposal on Applying for Comprehensive Credit and Guarantee from Banks." The proposal agrees that the Company and its subsidiaries included in the consolidated financial statements will apply for comprehensive credit from banks and other relevant financial institutions not exceeding RMB 4.5 billion (subject to the final amount signed in the credit contract or agreement); it also agrees that the Company will provide a joint liability guarantee for the comprehensive credit applied by its subsidiaries included in the consolidated financial statements, with a total limit not exceeding RMB 1.5 billion. The specific guarantee amount and period will be executed according to the contract. This proposal needs to be submitted for review by the Company's 2025 Annual General Meeting of Shareholders. The relevant situation is hereby announced as follows:
I. Basic Situation of the Current Application for Comprehensive Credit and Guarantee
To meet the Company's daily production and operation needs and to facilitate the processing of bank credit business, in accordance with the Company's 2026 production and operation plan and development strategy, the Company and its subsidiaries included in the consolidated financial statements plan to apply for comprehensive credit from banks and other relevant financial institutions not exceeding RMB 4.5 billion (subject to the final amount signed in the credit contract or agreement). The comprehensive credit includes, but is not limited to, various types of working capital loans, project loans, acquisition loans, bank acceptance drafts, guarantees, factoring, letters of credit, export advances, derivative financial products, trade finance, bill discounts, financial leasing, and other comprehensive credit businesses. The methods of mortgage and guarantee for bank credit include, but are not limited to, mortgage of real estate and equipment, and pledge of equity, intellectual property rights, and monetary capital. The validity period is from the date of approval by the Company's 2025 Annual General Meeting of Shareholders to the date of approval by the next year's Annual General Meeting of Shareholders.
To meet the Company's daily production and operation needs, in 2026, the Company will provide a total guarantee limit not exceeding RMB 1.5 billion for the comprehensive credit applied by its subsidiaries included in the consolidated financial statements. The specific guarantee amount and period will be executed according to the contract. The validity period is from the date of approval by the Company's 2025 Annual General Meeting of Shareholders to the date of approval by the next year's Annual General Meeting of Shareholders. Within the total limit, the proposed allocation is as follows: