300123SZSE
🚨 Material Event

Announcement on Partial Debt Defaults of the Company and its Subsidiaries

ST Yaguang Co., Ltd.··2 pages

✨ AI Summary

The company announces overdue borrowings of RMB 57.037 million and overdue payables of RMB 30.7802 million as of June 12, 2026. These defaults stem from subsidiaries and have led to potential risks including frozen bank accounts and asset seizure. The company is negotiating with creditors for extensions and restructuring to mitigate financial risks.

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Full Translation

AI Translation· gemini_document

YAGUANG

Stock Code: 300123

Stock Abbreviation: ST Yaguang

Announcement No.: 2026-039

Yaguang Technology Group Co., Ltd.

Announcement on Partial Debt Defaults of the Company and its Subsidiaries

The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.

Yaguang Technology Group Co., Ltd. (hereinafter referred to as "Yaguang Technology" or "the Company") disclosed the "Announcement on Partial Borrowing Defaults of the Company and its Subsidiaries" (Announcement No.: 2026-004) on the China Securities Information Network on January 23, 2026. The progress of the Company and its subsidiaries' borrowing defaults and overdue accounts payable are hereby announced as follows:

I. Progress of Borrowing Defaults

As of the disclosure date of this announcement, Chengdu Yaguang Electronics Co., Ltd. (hereinafter referred to as "Chengdu Yaguang"), a subsidiary, has a new overdue borrowing of RMB 10 million. The Company has provided joint and several liability guarantee for Chengdu Yaguang's aforementioned overdue borrowing, and this guarantee is also overdue. The principal of the remaining overdue borrowings of Yaguang Technology and other subsidiaries is RMB 40 million, and the overdue interest is RMB 703.70 million. The total amount of overdue borrowings for the Company and its subsidiaries is RMB 57.037 million. The specific details are as follows (in RMB million):

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