300207SZSE
🚨 Material Event

Announcement on Providing Guarantees for Subsidiaries

Sunwoda Electronic Co., Ltd.··11 pages

✨ AI Summary

The company announces its board's approval to provide guarantees for its subsidiaries' financing needs, totaling RMB 1.2 billion for Huizhou Lithium Energy, RMB 300 million for Shenzhen Energy Technology, RMB 300 million for Yucheng Yuxin, RMB 50 million for Huizhou Xinsheng, RMB 1.4 billion for Hong Kong Xinwei and Hong Kong Finance, and RMB 500 million for XinJie An Auto Electronics, Hong Kong Xinwei Power, and Thailand Xinwei Power. The guarantees aim to support operational expansion and project financing.

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Full Translation

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Securities Code: 300207

Securities Abbreviation: Xinwanda

Announcement No.: <Xin>2026-071

Xinwanda Electronic Co., Ltd.

Announcement on Providing Guarantees for Subsidiaries

The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and have no false records, misleading statements, or major omissions.

I. Overview of Guarantees

  1. Huizhou Lithium Energy New Technology Co., Ltd. (hereinafter referred to as "Huizhou Lithium Energy"), a wholly-owned subsidiary of Xinwanda Electronic Co., Ltd. (hereinafter referred to as "the Company" or "Xinwanda"), needs to apply for a project financing line of credit not exceeding RMB 1.2 billion (inclusive) from banks, financial leasing companies, and other financial institutions for its infrastructure and equipment projects. The term of the financing shall not exceed 8 years (inclusive).

  2. Shenzhen Xinwanda Energy Technology Co., Ltd. (hereinafter referred to as "Energy Technology"), a wholly-owned subsidiary of Xinwanda, needs to apply for a comprehensive credit line not exceeding RMB 300 million (inclusive) from banks, financial leasing companies, and other financial institutions to expand its business operations. The term of the credit line shall not exceed 3 years (inclusive), and it will be used for short-term and long-term working capital loans, bank acceptance bills, trade financing, guarantees, letters of credit, financial leasing, and other businesses.

  3. Yucheng Yuxin New Energy Co., Ltd. (hereinafter referred to as "Yucheng Yuxin"), a wholly-owned subsidiary of Xinwanda, needs to apply for a project financing line of credit not exceeding RMB 300 million (inclusive) from banks, financial leasing companies, and other financial institutions for its infrastructure and equipment projects. The term of the financing shall not exceed 10 years (inclusive).

  4. Huizhou Xinsheng New Energy Co., Ltd. (hereinafter referred to as "Huizhou Xinsheng"), a wholly-owned subsidiary of Xinwanda, needs to apply for a project financing line of credit not exceeding RMB 50 million (inclusive) from banks, financial leasing companies, and other financial institutions for its infrastructure and equipment projects. The term of the financing shall not exceed 10 years (inclusive).

  5. Hong Kong Xinwei Electronics Co., Ltd. (hereinafter referred to as "Hong Kong Xinwei") and its wholly-owned subsidiary Xinwanda Finance (Hong Kong) Co., Ltd. (hereinafter referred to as "Hong Kong Finance"), both wholly-owned subsidiaries of Xinwanda, need to apply for a comprehensive credit line not exceeding RMB 1.4 billion (inclusive) from banks, financial leasing companies, and other financial institutions to support their business development. The term of the credit line shall not exceed 3 years (inclusive), and it will be used for short-term and long-term working capital loans, bank acceptance bills, trade financing, guarantees, letters of credit, financial leasing, and other businesses.

  6. XinJie An Auto Electronics Co., Ltd. (hereinafter referred to as "XinJie An Auto Electronics"), a wholly-owned subsidiary of Xinwanda Power Technology Co., Ltd. (hereinafter referred to as "Xinwanda Power"), a holding subsidiary of Xinwanda, needs to apply for a comprehensive credit line not exceeding RMB 500 million (inclusive) from banks, financial leasing companies, and other financial institutions to support its business development. The term of the credit line shall not exceed 3 years (inclusive), and it will be used for short-term and long-term working capital loans, bank acceptance bills, trade financing, guarantees, letters of credit, financial leasing, and other businesses.

  7. Hong Kong Xinwanda Power Technology Co., Ltd. (hereinafter referred to as "Hong Kong Xinwanda Power"), a wholly-owned subsidiary of Xinwanda Power, a holding subsidiary of Xinwanda, needs to apply for a comprehensive credit line not exceeding RMB 1 billion (inclusive) from banks, financial leasing companies, and other financial institutions to support its business development. The term of the credit line shall not exceed 3 years (inclusive), and it will be used for short-term and long-term working capital loans, bank acceptance bills, trade financing, guarantees, letters of credit, financial leasing, cross-border loans, and foreign exchange transactions.

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