Securities Code: 002895 Securities Abbreviation: Chuanheng Shares Announcement No.: 2026-043
Guizhou Chuanheng Chemical Co., Ltd.
Announcement on Adjusting the Guarantee Quota and Method for Subsidiaries in 2026
The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.
Special Reminder:
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If the external guarantee matter is deliberated and approved by the shareholders' meeting of Guizhou Chuanheng Chemical Co., Ltd. (hereinafter referred to as the Company) and the previously deliberated guarantee matter is actually signed into a guarantee contract, the total amount of external guarantees by the Company will exceed 50% of the net assets audited most recently.
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The asset-liability ratio of Guangxi Pengyue Ecological Technology Co., Ltd. (hereinafter referred to as Guangxi Pengyue) and Guizhou Hengxuan New Energy Materials Co., Ltd. (hereinafter referred to as Hengxuan New Energy), which are the subjects of this guarantee, exceeds 70%. Investors are kindly requested to pay attention to investment risks.
I. Overview of Guarantee Adjustment
The Company held the tenth meeting of the fourth Board of Directors on December 30, 2025, and the first extraordinary shareholders' meeting in 2026 on January 19, 2026, respectively, and deliberated and approved the "Proposal on the Estimated Guarantee Quota for Subsidiaries in 2026". Among them, the estimated financing guarantee quota for subsidiaries with an asset-liability ratio of over 70%, namely Guangxi Pengyue and Hengxuan New Energy, in 2026 is 1.2 billion yuan. Each guarantee for Hengxuan New Energy must be preceded by its other shareholder, Guoxuan Holdings Group Co., Ltd. (hereinafter referred to as Guoxuan Holdings), providing a guarantee by itself or its designated third party in proportion to its equity.
On May 31, 2026, the Company received the "Opinion Letter on No Longer Providing Bank Financing Guarantees" from Guoxuan Holdings. Guoxuan Holdings will no longer provide guarantees in any form (including but not limited to guarantees, pledges, mortgages, etc.) for any new financing of Hengxuan New Energy. For existing financing, Guoxuan Holdings will not extend the guarantee liability to any renewed, refinanced, or repurposed financing, except for project loans.
In view of the above situation, and based on the business development needs of Hengxuan New Energy, the Company proposes to adjust the financing guarantee quota for Guangxi Pengyue and Hengxuan New Energy in 2026 and the guarantee method for Hengxuan New Energy: The total estimated guarantee quota for Guangxi Pengyue and Hengxuan New Energy will be increased from 1.2 billion yuan to 1.5 billion yuan; the guarantee method for Hengxuan New Energy will be changed from proportional guarantee based on Hengxuan New Energy's equity ratio to a 100% full guarantee provided by the Company.
This guarantee adjustment matter has been deliberated and approved by the nineteenth meeting of the fourth Board of Directors of the Company and is subject to the approval of the Company's shareholders' meeting.
II. Changes in Guarantee Adjustment Matters