Announcement on Financing Activities and Guarantees for Subsidiaries and Affiliates
YSST Group Co., Ltd. (hereinafter referred to as "YSST Group" or "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.
I. Overview of the Guarantee Situation
To optimize the debt structure of YSST Group, enhance liquidity, improve capital operation efficiency, and ensure the sustainable and healthy development of the company's business, the Company held the second meeting of the eighth board of directors on June 5, 2026, to review and approve the proposal regarding the financing activities of the Company's subsidiaries and affiliates and to provide guarantees for them. The board agreed that a total of eleven subsidiaries and affiliates would undertake financing activities as follows:
| No. | Company Name | Abbreviation |
|---|---|---|
| 1 | 淮北易电新能源科技有限公司 | 淮北易电 |
| 2 | 神木市润湖光伏科技有限公司 | 神木润湖 |
| 3 | 新疆昌易光伏发电有限公司 | 新疆昌易 |
| 4 | 临泽易事特科技有限公司 | 临泽易事特 |
| 5 | 嘉峪关荣晟新能源科技有限公司 | 嘉峪关荣晟 |
| 6 | 嘉峪关润邦新能源有限公司 | 嘉峪关润邦 |
| 7 | 疏勒县盛腾光伏电力有限公司 | 疏勒盛腾 |
| 8 | 中能易电新能源技术有限公司 | 中能易电 |
| 9 | 易事特储能科技有限公司 | 储能科技 |
| 10 | 易事特电力系统技术有限公司 | 电力系统 |
| 11 | 易事特（民乐）储能科技有限公司 | 民乐储能 |
The total financing amount for the above eleven subsidiaries and affiliates is not to exceed RMB 3,050 million, and the Company intends to provide a total guarantee amount not exceeding RMB 3,468 million, which may include joint liability guarantees and/or pledges of equity held by the Company, and/or pledges of accounts receivable, electricity fee collection rights, movable and immovable properties held by each subsidiary and affiliate. For non-wholly-owned subsidiaries as the guaranteed parties, other shareholders will also provide joint liability guarantees and counter-guarantees for the Company's guarantee obligations. Furthermore, if there is a need for shareholders to provide guarantees according to their shareholding ratios, the Company will provide guarantees corresponding to the financing amount based on its shareholding ratio.
The guarantee resolution is valid from the date of approval by the Company's 2025 annual general meeting until the date of the 2026 annual general meeting. The board requests the shareholders' meeting to authorize the chairman to sign relevant guarantee agreements and financing documents in accordance with laws, regulations, and regulatory requirements, with specific terms subject to the actual agreements signed by the Company and relevant parties. The above guarantee matters are subject to approval by the Company's shareholders' meeting.
II. Expected Guarantee Amounts
| Unit: RMB 10,000 |
|---|
| 预计担保额度 |
| 346,800 |
III. Basic Information of the Guaranteed Parties
- 淮北易电新能源科技有限公司
- Company Name: 淮北易电新能源科技有限公司
- Unified Social Credit Code: 91340621MA2MU6HK2
- Established: March 30, 2016
- Registered Address: Huibei Village, Nanping Town, Suixi County
- Registered Capital: RMB 5 million
- Legal Representative: Wei Xiaobo