300199SZSE

Progress Announcement on the Company's and Its Wholly-Owned Subsidiary's Application for Comprehensive Credit Facilities and Provision of Guarantees to Banks

Hybio Pharmaceutical Co., Ltd.··7 pages

✨ AI Summary

Shenzhen Hanyu Pharmaceutical Co., Ltd. and its subsidiaries plan to apply for comprehensive credit facilities totaling up to RMB 1 billion. The company will provide guarantees not exceeding RMB 1 billion, with specific limits for entities with varying debt ratios. Recent applications include guarantees for RMB 48 million and RMB 71.4 million, with no additional board approval required.

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Full Translation

AI Translation· azure_openai

Announcement Overview

Shenzhen Hanyu Pharmaceutical Co., Ltd. (hereinafter referred to as "the Company" or "Hanyu Pharmaceutical") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, without any false records, misleading statements, or significant omissions.

Special Risk Warning

As of the date of this announcement, the total amount of guarantees expected to be provided by Shenzhen Hanyu Pharmaceutical Co., Ltd. and its consolidated subsidiaries for the year 2026 has exceeded 100% of the Company's most recent audited net assets. Among these, the expected guarantee amount for entities with a debt ratio exceeding 70% is more than 50% of the Company's most recent audited net assets. All guarantees are between the Company, wholly-owned subsidiaries, and holding subsidiaries; investors are advised to pay attention to the related risks.

1. Overview of Guarantees

On January 28, 2026, the Company held the 12th meeting of the 6th Board of Directors, and on March 16, 2026, it held the second extraordinary general meeting of shareholders for 2026, which approved the proposal for applying for comprehensive credit and guarantee limits from financial institutions for 2026. The Company and its consolidated subsidiaries plan to apply for comprehensive credit facilities not exceeding RMB 1 billion for the year 2026, providing guarantees not exceeding RMB 1 billion in total. The expected guarantee amounts for entities with a debt ratio of 70% (inclusive) and above will not exceed RMB 700 million, while those below 70% will not exceed RMB 300 million, as detailed below:

ProjectDebt Ratio ≥ 70%Debt Ratio < 70%
Company guarantees for subsidiaries and inter-subsidiary guaranteesNot exceeding 20 millionNot exceeding 280 million
Subsidiaries guarantee for the CompanyNot exceeding 680 millionNot exceeding 20 million
TotalNot exceeding 700 millionNot exceeding 300 million

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