300077SZSE
🚨 Material Event

Progress Announcement on Providing Guarantee for Wholly-Owned Subsidiary of Inner Mongolia Snow

NSING TECHNOLOGIES INC.··4 pages

✨ AI Summary

The announcement details the approval for a guarantee of up to RMB 17 million for Hubei Snow New Materials Technology Co., Ltd., a wholly-owned subsidiary of Inner Mongolia Snow. Recently, a guarantee contract was signed with China Construction Bank for RMB 5 million. The total guarantee amount now stands at RMB 188.71 million, exceeding 137% of the company's audited net assets as of the last fiscal year.

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Full Translation

AI Translation· azure_openai

Securities Code: 300077
Securities Abbreviation: National Technology
Announcement Number: 2026-039

National Technology Co., Ltd. Progress Announcement on Providing Guarantee for Wholly-Owned Subsidiary of Inner Mongolia Snow

The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Special Risk Warning: After the guarantee takes effect, the total amount of guarantees provided by National Technology Co., Ltd. (hereinafter referred to as "the Company" or "National Technology") and its controlling subsidiaries will exceed 100% of the Company's most recent audited net assets. The guarantee amount for units with a debt-to-asset ratio exceeding 70% will exceed 50% of the Company's most recent audited net assets. The aforementioned guarantees are all guarantees provided by the Company for subsidiaries within the scope of consolidated financial statements and guarantees provided between subsidiaries within the scope of consolidated financial statements. Investors are advised to pay full attention to the guarantee risks.

1. Overview of the Guarantee Situation

The Company held the 17th meeting of the 6th Board of Directors on March 30, 2026, and the annual general meeting of shareholders for 2025 on May 15, 2026, to review and approve the proposal on the estimated guarantee amount for subsidiaries in 2026. It was agreed to provide a joint liability guarantee for financing of no more than RMB 17 million for Hubei Snow New Materials Technology Co., Ltd. (hereinafter referred to as "Hubei Snow"), a wholly-owned subsidiary of Inner Mongolia Snow New Materials Technology Co., Ltd. The guarantee amount is valid from the date of approval by the Company's 2025 annual general meeting until the date of the 2026 annual general meeting, and the guarantee amount can be used in a revolving manner within the approved limit. For specific details, please refer to the announcements disclosed by the Company on March 31, 2026, and May 15, 2026, on the Giant Tide Information Network: "Resolution Announcement of the 17th Meeting of the 6th Board of Directors" (Announcement Number: 2026-017), "Announcement on the Estimated Guarantee Amount for Subsidiaries in 2026" (Announcement Number: 2026-022), and "Resolution Announcement of the 2025 Annual General Meeting of Shareholders" (Announcement Number: 2026-027).

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