Shandong Liancheng Precision Manufacturing Co., Ltd. Announcement on Providing Guarantees for Subsidiaries in 2026
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or significant omissions.
I. Overview of Guarantee Situation
The Company convened the third meeting of the Fourth Board of Directors on April 24, 2026, and deliberated and approved the "Proposal on Providing Guarantees for Subsidiaries in 2026". To meet the daily operating and business development capital needs of the Company (including its holding subsidiaries) and ensure the smooth progress of the Company's business, the Company (including its holding subsidiaries) plans to provide guarantees for its subsidiaries applying for bank credit and other financing from other financial institutions in 2026. The total guarantee amount shall not exceed RMB 440 million, all of which are for subsidiaries with an asset-liability ratio below 70%. The above guarantee amount does not represent the actual amount of guarantees undertaken by the Company. The actual guarantee amount will be within the total amount, subject to the finally signed guarantee contracts. The scope of guarantees includes, but is not limited to, comprehensive credit lines, loans, acceptance bills, letters of credit, factoring, guarantees, collateral, and pledges for financing businesses.
The above guarantee matters still need to be submitted for deliberation by the Company's shareholders' meeting. The validity period of the guarantee amount shall be twelve months from the date of approval by the shareholders' meeting. It is also proposed that the shareholders' meeting authorize the Company's Chairman or their designated authorized representative to fully represent the Company in signing relevant agreements and documents, and to appropriately adjust the guarantee amounts among the holding subsidiaries within the guarantee limit for holding subsidiaries based on actual operating needs. The Company's management is authorized to handle specific matters within the guarantee amount. Specific guarantee matters occurring within the above limit will not require separate board or shareholders' meetings.
II. Estimated Guarantee Quota
| Guarantor | Guaranteed Party | Shareholding Ratio | Latest Balance Sheet Asset-Liability Ratio of Guaranteed Party | Current Guarantee Balance | Proposed Guarantee Amount | Guarantee Amount as a Percentage of Listed Company's Latest Net Assets | Whether a Related Party Guarantee |
|---|---|---|---|---|---|---|---|
| Liancheng | Shandong Liancheng | 100.00% | 50.84% | 8,836.65 | 20,000.00 | 15.21% | 100.0 |
| Precision | Shandong Liancheng Precision Machinery Technology Co., Ltd. | 100.00% | 47.51% | 7,432.00 | 16,000.00 | 12.17% | 100.0 |
| Shandong Liancheng Auto Parts Co., Ltd. | 100.00% | 32.50% | 1,700.00 | 6,000.00 | 4.56% | 100.0 | |
| Jining Yanzhou Liancheng Machinery Parts Co., Ltd. | 100.00% | 35.16% | 1,000.00 | 0.76% | 100.0 | ||
| Rizhao Liancheng Die Casting Co., Ltd. | 100.00% | 63.26% | 1,000.00 | 0.76% | 100.0 | ||
| Anhui Liancheng Precision Casting Co., Ltd. | 17,968.65 | 44,000.00 | 33.46% | ||||
| Total |
Unit: Ten Thousand Yuan
III. Basic Information of the Guaranteed Party
(I) Basic Information of the Guaranteed Party
- Shandong Liancheng Precision Machinery Technology Co., Ltd.