Securities Code: 002955 Securities Abbreviation: Honghe Technology Announcement Number: 2026-011
Honghe Technology Co., Ltd. Announcement on the Estimated Guarantee Quota for Subsidiaries
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 representations, misleading statements, or material omissions.
Special Reminder: From the date the 2025 annual general meeting of shareholders of Honghe Technology Co., Ltd. (hereinafter referred to as the "Company") is approved until the date of the 2026 annual general meeting of shareholders, the Company plans to provide external guarantees totaling more than 50% of the Company's net assets as audited at the latest period. The asset-liability ratio of the subsidiary Beijing Honghe Turing Intelligent Technology Co., Ltd., which is to be guaranteed, exceeds 70%. Investors are kindly requested to pay close attention to the guarantee risk.
I. Overview of Guarantee Situation
The Company held the 19th meeting of the Third Board of Directors on March 17, 2026. With the consent of more than two-thirds of the directors present, the "Proposal on the Estimated Guarantee Quota for Subsidiaries" was deliberated and approved. In accordance with the business development needs of the Company and its subsidiaries, the Board of Directors agreed to provide a total guarantee quota of no more than RMB 170,000,000,000 for its subsidiaries. The authorization period is from the date of approval of the 2025 annual general meeting of shareholders until the date of the 2026 annual general meeting of shareholders. The types of guarantees include general guarantee, joint and several liability guarantee, mortgage, pledge, retention, deposit, etc. The scope of guarantees includes, but is not limited to, loans, guarantees, factoring, letters of credit, bank acceptance bills, bill financing, trust financing, debt transfer financing, financial leasing, trade supply chain business, etc. This matter still needs to be submitted to the Company's 2025 annual general meeting of shareholders for deliberation.
The guarantee quota is allocated among the subsidiaries as follows:
| Guarantor | Name of Guaranteed Party (Subsidiary) | Shareholding Ratio (%) | Latest Asset-Liability Ratio (%) | Current Guarantee Balance (RMB '000) | New Guarantee Quota (RMB '000) | Guarantee Quota as % of Company's Audited Net Assets in 2025 (%) | Is it a Related Party Guarantee? |
|---|---|---|---|---|---|---|---|
| Honghe Technology Co., Ltd. | Shenzhen Honghe Innovation Information Technology Co., Ltd. | 100.00 | 54.17 | 70,000.00 | 125,000.00 | 38.47 | No |
| Beijing Honghe Intelligent System Co., Ltd. | 83.9271 | 65.31 | 3,000.00 | 20,000.00 | 6.16 | No | |
| Anhui Hongcheng Optoelectronics Co., Ltd. | 100.00 | 44.00 | 5,000.00 | 20,000.00 | 6.16 | No | |
| Beijing Honghe Turing Intelligent Technology Co., Ltd. | 62.96 | 86.63 | 0.00 | 5,000.00 | 1.54 | No | |
| Total | 78,000.00 | 170,000.00 | 52.32 |
The guarantees within the approved quota can be adjusted among subsidiaries, and can also be allocated to newly established or acquired subsidiaries. However, when adjustments are made, for entities with an asset-liability ratio greater than or equal to 70%, guarantees can only be obtained from entities with an asset-liability ratio greater than or equal to 70%. The actual guaranteed amount shall be subject to the finally signed guarantee contract. Within the approved total guarantee quota, if the Company and its subsidiaries carry out business within the scope of the above guarantees, it is not necessary to submit separate proposals to the Company's Board of Directors and Shareholders' Meeting for approval. For guarantees exceeding the above quota, the Company will fulfill the decision-making and information disclosure obligations in accordance with regulations in a timely manner.