吉峰三农科技服务股份有限公司 Regarding the Progress Announcement on Guarantee for Subsidiaries and 2026 Annual Guarantee Forecast
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and do not contain any false records, misleading statements, or significant omissions.
I. Overview of Guarantees
Jifeng Sannong Technology Services Co., Ltd. (hereinafter referred to as the "Company") held its 38th meeting of the Sixth Board of Directors and the first extraordinary general meeting of shareholders in 2026 on January 8, 2026, and January 26, 2026, respectively. The meetings deliberated and approved the "Proposal on the Forecast of Guarantee Quota for 2026," with an estimated total external guarantee quota of RMB 105,500 million for 2026, which includes guarantees previously approved and still in effect. The validity period of the aforementioned guarantee quota will commence from the date of approval by the first extraordinary general meeting of shareholders in 2026 until the date of the next annual general meeting of shareholders. Guarantees issued within this period will fall within the scope of this approval. The Company's management is authorized to sign relevant agreements and legal documents at the time of guarantee issuance. For details, please refer to the "Resolution Announcement of the 38th Meeting of the Sixth Board of Directors" (Announcement No.: 2026-001), "Announcement on the Forecast of Guarantee Quota for 2026" (Announcement No.: 2026-002), and "Resolution Announcement of the First Extraordinary General Meeting of Shareholders in 2026" (Announcement No.: 2026-008) disclosed by the Company on the Juchao Information Network (www.cninfo.com.cn).
On April 13, 2026, the Company held the 43rd meeting of the Sixth Board of Directors, which deliberated and approved the "Proposal on the Application for Comprehensive Credit Line by the Company and its Subsidiaries from Banks and Other Financial Institutions in 2026." In 2026, the Company and its subsidiaries plan to apply for a comprehensive credit line of no more than RMB 100,000 million (inclusive) from commercial banks and other financial institutions and to handle related loan businesses. This credit line will take effect after being deliberated and approved by the Company's Board of Directors and will be valid for one year. Concurrently, the Board of Directors authorized Chairman Mr. Tian Gangqiang to review and sign all relevant documents and handle related procedures within the aforementioned credit line on behalf of the Company. For details, please refer to the "Resolution Announcement of the 43rd Meeting of the Sixth Board of Directors" (Announcement No.: 2026-031) and the "Announcement on the Application for Comprehensive Credit Line by the Company and its Subsidiaries from Banks and Other Financial Institutions in 2026" (Announcement No.: 2026-040) disclosed by the Company on the Juchao Information Network (www.cninfo.com.cn).
II. Progress of Guarantees
The Company agrees that its subsidiary, Jifeng Zhihang Agricultural Technology (Meishan) Co., Ltd. (hereinafter referred to as "Jifeng Zhihang (Meishan)"), plans to apply to the Guangguang Branch of Chengdu Rural Commercial Bank Co., Ltd. for a comprehensive credit line with a term of 1 year and an amount not exceeding RMB 5 million. The Company and Chengdu Tianhui Investment Guarantee Co., Ltd. will provide joint and several liability guarantees, and the Company will provide a counter-guarantee for the aforementioned guarantee of Chengdu Tianhui Investment Guarantee Co., Ltd.
Guang'an Jifeng Agricultural Equipment Co., Ltd. (hereinafter referred to as "Guang'an Jifeng") plans to apply to the Chengdu Qingyang Branch of Bank of China for a comprehensive credit line with a term of 1 year and an amount not exceeding RMB 7.8 million. The Company and Chengdu Puhui Financing Guarantee Co., Ltd. will provide joint and several liability guarantees, and the Company will provide a counter-guarantee for the aforementioned guarantee of Chengdu Puhui Financing Guarantee Co., Ltd.