The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
1. Expected Guarantee Amount
Yaguang Technology Group Co., Ltd. (hereinafter referred to as "Yaguang Technology" or "the Company") approved the proposal regarding the application for comprehensive credit and related guarantee matters for 2025 at the 27th meeting of the 5th Board of Directors and the 2024 Annual General Meeting. To ensure the smooth implementation of the comprehensive credit financing plan for the Company and its subsidiaries, the Company agrees to provide a joint liability guarantee not exceeding 1.752 billion RMB (including mutual guarantees among subsidiaries and previously approved amounts that are still valid). For specific details, please refer to the announcements disclosed by the Company on April 28, 2025, and May 22, 2025, on the Giant Tide Information Network regarding the application for comprehensive credit and related guarantee matters and the resolutions of the 2024 Annual General Meeting.
2. Progress of the Guarantee
Recently, the Company's wholly-owned subsidiary, Yiyang Zhonghai Intelligent Equipment Co., Ltd. (hereinafter referred to as "Yiyang Zhonghai"), processed a loan renewal at Changsha Bank Co., Ltd. Yiyang Branch, with a principal amount of 8 million RMB. The Company and its wholly-owned subsidiary, Yuanjiang Zhonghai Ship Engineering Co., Ltd. (hereinafter referred to as "Yuanjiang Zhonghai"), along with Hunan Sunbird Technology Co., Ltd. (hereinafter referred to as "Sunbird Technology"), signed the "Maximum Guarantee Contract" with Changsha Bank Co., Ltd. Yiyang Branch to provide financing guarantees for Yiyang Zhonghai. The main elements of the guarantee contract are as follows:
| Guarantor | Guaranteed Party | Creditor | Maximum Guaranteed Principal Amount (10,000 RMB) | Main Debt Occurrence Period | Guarantee Period | Guarantee Type |
|---|---|---|---|---|---|---|
| Yaguang Technology | Yuanjiang Zhonghai | Sunbird Technology | 800 | 1 year | 3 years | Joint Liability Guarantee |
The actual controller of the Company, Mr. Li Yuexian, and his spouse, Ms. Zhao Jing, provide joint liability guarantees for Yiyang Zhonghai's financing, and the guaranteed party, Yiyang Zhonghai, is not required to pay guarantee fees. The above guarantee falls within the scope of matters approved by the Board of Directors and the shareholders' meeting, and the guarantee amount is within the expected guarantee limit, thus does not require further approval from the Company's Board of Directors or shareholders' meeting.