The board of directors and the directors of Weili Environmental Technology Group Co., Ltd. guarantee that the content of this announcement does not contain false records, misleading statements, or major omissions, and bear individual and joint responsibility for the authenticity, accuracy, and completeness of its content.
1. Overview of the Guarantee
Weili Environmental Technology Group Co., Ltd. (hereinafter referred to as "the Company") intends to provide a guarantee for its holding subsidiary, Shaoxing Weili Kitchen Waste Recycling Co., Ltd. (hereinafter referred to as "Shaoxing Kitchen Waste"), which plans to apply for a loan of RMB 8 million from Ningbo Bank Co., Ltd. The guarantee period will be from the effective date of the guarantee contract until three years after the debt performance period expires. On May 29, 2026, the Company held the 12th meeting of the 6th board of directors, which approved the proposal to provide a guarantee for Shaoxing Weili Kitchen Waste Recycling Co., Ltd.
According to the "Regulatory Guidelines No. 8 for Listed Companies - Regulatory Requirements for Fund Transactions and External Guarantees," the "Shenzhen Stock Exchange GEM Listing Rules," the "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of GEM Listed Companies," and the provisions of the Company's Articles of Association, this external guarantee falls within the decision-making authority of the board of directors and does not require approval from the shareholders' meeting. This transaction does not constitute a related party transaction.