Securities Code: 002902
Securities Abbreviation: Mingpu Magnetic
Announcement No.: 2026-051
Dongguan Mingpu Magnetic Co., Ltd.
Announcement on Supplementary Review of Loan Extension and Continued Guarantee for Jiangxi Yuxuan Electronics Co., Ltd.
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.
Special Reminder:
The Company's total external guarantee is expected to exceed 100% of its net assets as of the most recent audited period. This includes guarantees for subsidiaries with a debt-to-asset ratio exceeding 70%. These guarantees are primarily for subsidiary financing, credit lines, or business development needs, and the risks are relatively controllable. Investors are kindly reminded to pay attention to related risks.
Dongguan Mingpu Magnetic Co., Ltd. (hereinafter referred to as the "Company") held the 22nd meeting of the Fifth Board of Directors on July 31, 2026, and deliberated and passed the "Proposal on Supplementary Review of Loan Extension and Continued Guarantee for Jiangxi Yuxuan Electronics Co., Ltd." This matter still needs to be submitted for deliberation by the Company's shareholders' meeting.
The relevant situation is hereby announced as follows:
I. Overview of Guarantee Situation
The Company held the 18th meeting of the Fifth Board of Directors on April 23, 2026, and the 2025 Annual Shareholders' Meeting on May 18, 2026. Both meetings deliberated and passed the "Proposal on Continuing to Provide Guarantee for Jiangxi Yuxuan Electronics Co., Ltd." During the period when Shenzhen Yuxuan Electronics Co., Ltd. (hereinafter referred to as "Shenzhen Yuxuan"), a wholly-owned subsidiary of the Company, was a holding subsidiary, the Company provided guarantees for Shenzhen Yuxuan's wholly-owned subsidiary Jiangxi Yuxuan Electronics Co., Ltd. (hereinafter referred to as "Jiangxi Yuxuan") for its financial institution loans to support its daily operations. After the sale of the equity of the holding subsidiary, this guarantee was passively formed as an external guarantee. As some of Jiangxi Yuxuan's debts have not yet matured, the Company needs to continue to extend the relevant guarantee. As of April 25, 2026, the cumulative maximum principal amount for which the Company has provided guarantees for Jiangxi Yuxuan is RMB 21.3 million. Shenzhen Yuxuan and other shareholders of Shenzhen Yuxuan
and their spouses have provided joint and several liability guarantees for the full amount. Jiangxi Yuxuan and its legal representative have provided corresponding counter-guarantees. The guarantee period is until the date of the 2026 Annual Shareholders' Meeting. During this period, the Company will not provide any new guarantees for Jiangxi Yuxuan. For detailed information, please refer to the "Announcement on Continuing to Provide Guarantee for Jiangxi Yuxuan Electronics Co., Ltd." published on April 25, 2026, in the designated information disclosure media of the Company, "Securities Times" and the Giant Information Network (http://www.cninfo.com.cn).
II. Review and Approval of Loan Extension and Guarantee for This Loan