Securities Code: 300266 Securities Abbreviation: Xingyuan Environment Announcement No.: 2026-069
Xingyuan Environment Technology Co., Ltd.
Announcement on Adjustment of Guarantee Matters
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and there are no false records, misleading statements, or major omissions.
Special Risk Warning:
The total amount of guarantees provided by the Company and its holding subsidiaries exceeds 100% of the net assets of the most recent audited period, and the guarantee amount for entities with a debt-to-asset ratio exceeding 70% exceeds 50% of the net assets of the most recent audited period. Investors are advised to pay close attention to guarantee risks.
Xingyuan Environment Technology Co., Ltd. (hereinafter referred to as the "Company" or "Xingyuan Environment") held the 24th meeting of the Sixth Board of Directors on August 3, 2026. The meeting reviewed and approved the "Proposal on Adjusting Guarantee Matters" with 10 votes in favor, 0 votes against, and 0 abstentions. The details are as follows:
I. Overview of Guarantee Matters
On May 27, 2026, and June 12, 2026, the Company held the 22nd meeting of the Sixth Board of Directors and the 4th extraordinary shareholders' meeting in 2026, respectively, and reviewed and approved the "Proposal on the Company Providing Guarantees for Its Subsidiaries" (hereinafter referred to as the "Original Proposal"). The Company provided a joint liability guarantee for the financing of its holding subsidiary Qionghai Xinsanyuan Water Investment Management Co., Ltd. (hereinafter referred to as "Xinsanyuan" or "the Debtor") from the Qionghai Branch of the Agricultural Development Bank of China (hereinafter referred to as "ABC Qionghai Branch" or "the Creditor"), with a principal amount not exceeding RMB 900 million, including interest and fees. The guarantee period is subject to the signed contract. For details, please refer to the "Announcement on the Company Providing Guarantees for Its Subsidiaries" disclosed on the website of the China Securities Regulatory Commission's designated information disclosure media, Juchao Information Network, on May 28, 2026 (Announcement No.: 2026-052).
After the Original Proposal was approved, the Company actively cooperated with the bank in the internal credit approval process. According to the bank's final credit review opinion, it is necessary to add Huzhou Zhonghui Ecological Environment Engineering Co., Ltd. (hereinafter referred to as "Huzhou Zhonghui") as a joint liability guarantor. Xingyuan Environment, Huzhou Zhonghui, and Xinsanyuan will provide notarization for strengthening the guarantee. At the same time, new clauses with substantial impact on the contract will be added, constituting a major change in the guarantee matter. The main changes are as follows:
(I) Guarantor and Guarantee Method
From: Xingyuan Environment provides joint liability guarantee, adjusted to: Xingyuan Environment and Huzhou Zhonghui provide joint liability guarantee.