Stock Code: 002973 Stock Abbreviation: Qiaoyin Shares Announcement No.: 2026-073 Bond Code: 128138 Bond Abbreviation: Qiaoyin Convertible Bonds
Qiaoyin Urban Management Co., Ltd. Announcement on the Adjustment of Guarantee Quotas and Progress of Guarantees
I. Overview of Guarantee Situation
Qiaoyin Urban Management Co., Ltd. (hereinafter referred to as the "Company") passed the "Proposal on the Estimated Guarantee Quota for 2026" at its 12th meeting of the 4th Board of Directors and the 2025 Annual General Meeting. The Company proposed a guarantee quota of 2.52 billion RMB for subsidiaries within the scope of the consolidated financial statements. The guarantee period runs from the date of approval at the 2025 Annual General Meeting until the date of the 2026 Annual General Meeting. The estimated guarantee quota may be adjusted internally among guaranteed companies with the same asset-liability ratio category (above/below 70%) based on actual circumstances. For details, please refer to the "Announcement on the Estimated Guarantee Quota for 2026 and Estimated Related Party Guarantee Quota" (Announcement No.: 2026-056) disclosed by the Company on April 29, 2026.
II. Adjustment of Guarantee Quotas
To meet the business development needs of its subsidiaries, the Company, without changing the 2026 annual guarantee quota approved by the 2025 Annual General Meeting, has reallocated 20 million RMB of the unused guarantee quota of its wholly-owned subsidiary, Dalian Qiaoyin City Appearance Environmental Service Co., Ltd. (hereinafter "Dalian Qiaoyin"), to its wholly-owned subsidiary, Dingyuan Qiaoyin Environmental Protection Technology Co., Ltd. (hereinafter "Dingyuan Qiaoyin"). After the adjustment, the unused guarantee quota for Dalian Qiaoyin was reduced from 50 million RMB to 30 million RMB, and the unused guarantee quota for Dingyuan Qiaoyin is 20 million RMB. Details are as follows:
| Guaranteed Party | Direction of Adjustment | Current Actual Guarantee Balance | Available Quota Before Adjustment | Adjustment Amount | Available Quota After Adjustment | Asset-Liability Ratio Limit |
|---|---|---|---|---|---|---|
| Dalian Qiaoyin | Outward | 1,000 | 5,000 | 2,000 | 3,000 | Below 70% |
| Dingyuan Qiaoyin | Inward | 0 | 0 | 2,000 | 2,000 | Below 70% |
Unit: 10,000 RMB
After the adjustment, the Company's cumulative approved and effective guarantee quota for Dingyuan Qiaoyin is 20 million RMB. Since both Dalian Qiaoyin and Dingyuan Qiaoyin are guarantee targets with an asset-liability ratio below 70%, they can mutually adjust quotas within the guarantee limit. This adjustment and the provision of the guarantee fall within the scope authorized by the 2025 Annual General Meeting and have been approved internally, requiring no further submission to the Board of Directors or the General Meeting.