Securities Code: 300207 Securities Abbreviation: Wondar Announcement Number: <欣>2026-054
Shenzhen Wondar Electronics Co., Ltd. Announcement on Providing Guarantees for Subsidiaries
The Company and all members of its Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false records, misleading statements, or significant omissions.
I. Overview of Guarantee Situation
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Shenzhen Wondar Smart Energy Co., Ltd. (hereinafter referred to as "Smart Energy"), a wholly-owned subsidiary of Shenzhen Wondar Electronics Co., Ltd. (hereinafter referred to as "the Company" or "Wondar"), needs to apply for a comprehensive credit line of no more than RMB 500 million (inclusive) equivalent from banks, financial leasing companies, and other financial institutions for its own business development needs. The term of the credit line will not exceed 3 years (inclusive) and will be used for short-term and long-term working capital loans, bank acceptance drafts, trade finance, guarantees, letters of credit, financial leasing, and other businesses.
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Guangdong Wanhong Power Engineering Co., Ltd. (hereinafter referred to as "Wanhong Power"), a wholly-owned subsidiary of the Company, needs to apply for a comprehensive credit line of no more than RMB 200 million (inclusive) equivalent from banks, financial leasing companies, and other financial institutions for its own business development needs. The term of the credit line will not exceed 3 years (inclusive) and will be used for short-term and long-term working capital loans, bank acceptance drafts, trade finance, guarantees, letters of credit, financial leasing, and other businesses.
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Shandong Xineng Power Services Co., Ltd. (hereinafter referred to as "Shandong Xineng"), a holding subsidiary of the Company, needs to apply for a project financing line of no more than RMB 100 million (inclusive) equivalent from banks, financial leasing companies, and other financial institutions for its investment in infrastructure, equipment, and other projects. The term of the financing line will not exceed 10 years (inclusive).
The project financing line and credit line can be used on a revolving basis within their validity period, calculated from the date of effectiveness of the contract. Wondar will provide full guarantees for the comprehensive credit lines of Smart Energy and Wanhong Power; Wondar will provide full guarantees for the project financing line of Shandong Xineng; Smart Energy, Wanhong Power, and Shandong Xineng will provide counter-guarantees to Wondar for these guarantee matters. Although other shareholders of Shandong Xineng have not provided guarantees in proportion to their equity, considering that Wondar has control over the operating and management activities of the guaranteed entities, the operating and management risks are within effective control. Therefore, the risk of providing guarantees for Smart Energy, Wanhong Power, and Shandong Xineng is controllable.
On June 23, 2026, the Company held the 27th meeting of the 6th Board of Directors, which reviewed and approved the "Proposal on Providing Guarantees for Subsidiaries." In accordance with the "GEM Stock Listing Rules of Shenzhen Stock Exchange," the "Articles of Association of Shenzhen Wondar Electronics Co., Ltd.," and the "Management System for External Guarantees of Shenzhen Wondar Electronics Co., Ltd.," this proposal needs to be submitted to the shareholders' meeting for review. The guarantee amount can be used on a revolving basis within its validity period. The Company proposes to authorize the legal representative or the authorized representative of the above-mentioned guaranteeing company to handle the relevant procedures for the subsidiaries' applications for comprehensive credit lines and project financing lines from banks and leasing companies, and to sign relevant contracts and documents within the approved guarantee amount.
II. Basic Information of the Guaranteed Parties