Securities Code: 300307 Securities Abbreviation: Cixing Co., Ltd. Announcement No.: 2026-013 Ningbo Cixing Co., Ltd. Announcement on Providing Buyer Credit Guarantees for Customers to Purchase Company Products The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions. Ningbo Cixing Co., Ltd. (hereinafter referred to as the "Company") held the sixth meeting of the sixth Board of Directors on March 30, 2026, and reviewed and approved the "Proposal on Providing Buyer Credit Guarantees for Customers to Purchase Company Products." This proposal needs to be submitted to the Company's 2025 Annual General Meeting of Shareholders for review.
I. Overview of Guarantee Situation
To promote the development of the Company's horizontal knitting machine business and solve the payment problems of customers with good credit who need financing support, the Company plans to carry out buyer credit business with banks and other financial institutions for its computerised horizontal knitting machines. Specifically, for some customers with good credit, the Company will sell products through credit. Based on the sales contracts signed by the Company and the customers, under the condition that the Company provides joint and several liability guarantees, the cooperative banks will provide financing to customers for purchasing products from the Company. According to the business development situation, provided that the customers provide counter-guarantee measures to the Company, the Company plans to provide buyer credit guarantees to customers with a cumulative amount not exceeding RMB 300 million. This amount can be used on a revolving basis within the limit. The validity period of the guarantee limit is from the date of approval by the 2025 Annual General Meeting of Shareholders to the date of the Company's 2026 Annual General Meeting of Shareholders.