Ningbo Cixing Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
1. Overview of the Guarantee Situation
On March 30, 2026, Ningbo Cixing Co., Ltd. held the sixth meeting of the sixth Board of Directors and approved the proposal to apply for a comprehensive credit limit from the bank at the annual shareholders' meeting on April 21, 2026, agreeing to provide guarantees for financing of its holding subsidiary not exceeding 500 million RMB. For details, please refer to the "Resolution Announcement of the Sixth Meeting of the Sixth Board of Directors" published on March 31, 2026, on the designated information disclosure website of the China Securities Regulatory Commission, Juchao Information Network.
2. Progress of the Guarantee
Recently, the Company signed the "Pledge Contract" and "Maximum Guarantee Contract" with the Cixi Branch of Agricultural Bank of China (hereinafter referred to as "Agricultural Bank"), providing guarantees for Cixing Holdings (Hong Kong) Co., Ltd. (hereinafter referred to as "Cixing Hong Kong") for a working capital loan application of 4.5 million euros, 1.5 million USD, and 20 million RMB. The guarantee amount is within the approved limit, and there is no need to submit it again for Board and shareholder approval.