Changzhou Qiangli Electronic New Materials 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.
I. Overview of Guarantees
On April 28, 2026, the Company held the 21st meeting of the 5th Board of Directors, which reviewed and approved the proposal on applying for an annual comprehensive credit limit and providing mutual guarantees. To meet the operational needs of the Company and its subsidiaries, the Company and its subsidiaries applied for a comprehensive credit limit from relevant financing institutions, providing mutual guarantees with a total amount not exceeding RMB 1.3 billion, for a period of 12 months, starting from the date of approval by the Company's 2025 annual general meeting. For specific details, please refer to the announcement disclosed by the Company on April 29, 2026, on the Giant Tide Information Network (www.cninfo.com.cn) (Announcement No.: 2026-011). On May 21, 2026, this proposal was approved by the Company's 2025 annual general meeting.
II. Progress of Guarantees
- Progress of Original Guarantee Contracts
The Company's wholly-owned subsidiary, Changzhou Qiangli Advanced Electronic Materials Co., Ltd. (hereinafter referred to as "Qiangli Advanced"), and Changzhou Chunmao International Trade Co., Ltd. (hereinafter referred to as "Chunmao Trade") applied for loans from banks due to operational turnover needs, totaling RMB 28.4408 million. The Company provided joint liability guarantees for the above credit. The specific situation is as follows:
| Guarantor | Guaranteed Party | Guarantor's Shareholding Ratio | Guaranteed Party's Latest Asset-Liability Ratio | Approved Guarantee Amount | Guarantee Amount as a Percentage of the Company's Latest Net Assets | Guarantee Balance Before This Guarantee | Guarantee Balance After This Guarantee | Remaining Available Guarantee Amount | Related Guarantee |
|---|---|---|---|---|---|---|---|---|---|
| Qiangli Advanced | 100% | 37.48% | 70,000 | 38.91% | 32,157.88 | 34,001.96 | 35,998.04 | No | |
| Chunmao Trade | 100% | 85.16% | 5,000 | 2.78% | 1,998.00 | 2,998.00 | 2,002.00 | No |
Note: The latest asset-liability ratio of the guaranteed party is based on unaudited data as of March 31, 2026; the guarantee amount as a percentage of the Company's latest net assets is based on unaudited data as of March 31, 2026. This guarantee is within the limit approved by the Company's shareholders and does not require further approval from the Board of Directors or shareholders.