002992SZSE

Announcement on Progress of Guarantee for Wholly-Owned Subsidiary

Shenzhen Baoming Technology Co., Ltd.··4 pages

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Shenzhen Baoming Technology Co., Ltd. announces progress on its guarantee for its wholly-owned subsidiary, Huizhou Baoming Precision Manufacturing Co., Ltd. The company signed a principal guarantee contract with China Construction Bank, Huizhou Dayawan Branch, for RMB 23 million. This falls within the previously approved credit limit and is considered a normal commercial activity.

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Securities Code: 002992 Securities Abbreviation: Baoming Technology Announcement No.: 2026-008 Shenzhen Baoming Technology Co., Ltd. Announcement on Progress of Guarantee for Wholly-Owned Subsidiary 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 major omissions.

I. Overview of Guarantee Situation Shenzhen Baoming Technology Co., Ltd. (hereinafter referred to as the "Company") held the Ninth Meeting of the Fifth Board of Directors on April 28, 2025, and the 2024 Annual Shareholders' Meeting on May 20, 2025. The proposal "Regarding the Application for Comprehensive Credit or Loans from Banks and Other Financial Institutions by the Company and its Subsidiaries and Mutual Guarantees" was deliberated and approved. It was agreed that the Company and its subsidiaries would apply for a comprehensive credit/loan line of up to RMB 6 billion from banks and other financial institutions. Within this comprehensive credit/loan line, the Company and its subsidiaries would provide mutual guarantees based on the actual financing and credit needs. For details, please refer to the "Announcement Regarding the Application for Comprehensive Credit or Loans from Banks and Other Financial Institutions by the Company and its Subsidiaries and Mutual Guarantees" (Announcement No.: 2025-018) disclosed by the Company on Juchao Information Network (http://www.cninfo.com.cn) on April 29, 2025.

II. Progress of Guarantee Recently, the Company signed a "Principal Guarantee Contract" with China Construction Bank Co., Ltd. Huizhou Dayawan Branch (hereinafter referred to as "CCB Dayawan Branch"). The Company will provide a maximum principal guarantee for a series of debts under the main contract for its wholly-owned subsidiary, Huizhou Baoming Precision Manufacturing Co., Ltd. (hereinafter referred to as "Baoming Precision"), with a maximum principal amount not exceeding RMB 23 million. The amount of guarantee provided by Baoming Precision this time is within the scope approved by the Company's Board of Directors and Shareholders' Meeting.

III. Basic Information of the Guaranteed Party (I) Basic Information

  1. Company Name: Huizhou Baoming Precision Manufacturing Co., Ltd.
  2. Date of Establishment: April 15, 2010

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