Shenzhen YingTang Intelligent Control Co., Ltd. Announcement on Providing Guarantees for Subsidiaries' Accounts Payable
The company and all members of its board of directors guarantee the authenticity, accuracy, and completeness of the information disclosed, and are free from any false records, misleading statements, or material omissions.
Shenzhen YingTang Intelligent Control Co., Ltd. (hereinafter referred to as the "Company") held the fourteenth meeting of the sixth board of directors on April 27, 2026, and approved the "Proposal on Providing Guarantees for Subsidiaries' Accounts Payable," agreeing to provide guarantees for the accounts payable of its subsidiaries to relevant suppliers for the procurement of goods.
According to the "GEM Stock Listing Rules of Shenzhen Stock Exchange" and the Company's "Management Measures for External Guarantees," the above guarantee matters, after being reviewed and approved by the board of directors, still need to be submitted for review and approval by the Company's general meeting of shareholders.
I. Overview of Guarantee Situation
To ensure that the Company's wholly-owned subsidiaries, Shenzhen Huashonglong Business Interconnection Technology Co., Ltd. (hereinafter referred to as "Shenzhen Huashonglong"), Shanghai Yusheng Electronic Technology Co., Ltd. (hereinafter referred to as "Shanghai Yusheng"), and Huashonglong Technology Co., Ltd. (hereinafter referred to as "Huashonglong Technology") can obtain higher accounts payable credit limits and longer payment terms in their daily operations, thereby reducing the Company's financial expenses and better developing its business, the Company intends to provide joint and several liability guarantees for the accounts payable of Shenzhen Huashonglong, Shanghai Yusheng, and Huashonglong Technology to relevant suppliers, not exceeding RMB 290.288 million (actual amount is RMB 220 million and USD 10 million, with USD converted to RMB based on the Company's year-end settlement exchange rate). The specific situation is as follows: