Securities Code: 300017
Securities Abbreviation: Wangsu Technology
Announcement No.: 2026-065
Wangsu Technology Co., Ltd.
Announcement on Progress of Guarantee for Wholly-Owned Subsidiary
The Company and all members of the Board of Directors guarantee that the information disclosed in this announcement is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.
I. Overview of Guarantee Situation
Wangsu Technology Co., Ltd. (hereinafter referred to as the "Company") held its Second Meeting of the Seventh Board of Directors on July 30, 2026, which reviewed and approved the "Proposal on Guarantee for Wholly-Owned Subsidiary." To support the business development of its wholly-owned subsidiary, Wangsu Technology FZ-LLC, the Board of Directors agreed to provide a joint liability guarantee for the credit line applied for by Wangsu Technology FZ-LLC from the Shanghai Xuhui Branch of China Construction Bank Corporation (hereinafter referred to as "CCB Xuhui Branch"), with a total credit line not exceeding USD 20 million, provided that the operation is standardized and risks are controllable. The validity period of the guarantee line is one year from the date of approval by the Second Meeting of the Seventh Board of Directors. The actual guarantee period shall not exceed three years from the date when Wangsu Technology FZ-LLC fulfills all its obligations stipulated in the agreement. The Company hereby authorizes its legal representative or their authorized representative to sign agreements or documents related to the above guarantee matters within the approved credit line. For details, please refer to the "Announcement on Guarantee for Wholly-Owned Subsidiary" (Announcement No.: 2026-059) disclosed on the Juchao Information Network (www.cninfo.com.cn) on July 31, 2026.
II. Progress of Guarantee