Beijing Chengyitong Control Technology Group Co., Ltd. (hereinafter referred to as "the Company" or "Chengyitong") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or major omissions.
I. Overview of Financing Situation
On April 23, 2025, the Company held the 11th meeting of the 5th Board of Directors, which reviewed and approved the proposals regarding the expected bank comprehensive credit and project loan limits for the Company and its consolidated subsidiaries for the year 2025 (Announcement No.: 2025-020, 021). The total credit limit for the Company, subsidiaries, and consolidated subsidiaries is approved to be no more than RMB 1.379 billion, with a total guarantee amount not exceeding RMB 1.319 billion. These proposals were also approved at the 2024 Annual General Meeting held on May 15, 2025.
II. Progress of Financing
- The Company signed a "Comprehensive Credit Contract" with Beijing Bank Co., Ltd. Zhongguancun Branch (hereinafter referred to as "Beijing Bank") with a credit limit of RMB 100 million. To secure this credit business, the Company signed a "Maximum Mortgage Contract" with Beijing Bank, providing mortgage guarantees with properties owned by the Company; Beijing Chengyitong Borihong Intelligent Equipment Technology Co., Ltd. (hereinafter referred to as "Borihong") signed a "Maximum Guarantee Contract" with Beijing Bank, providing joint liability guarantee for the guaranteed debts under the main contract, with a guarantee period of three years from the expiration of the main contract's debt performance period.
- The Company signed a "Comprehensive Credit Agreement" with China Everbright Bank Co., Ltd. Beijing Xuanwumenwai Branch (hereinafter referred to as "Everbright Bank") with a credit limit of RMB 50 million. To secure this credit business, Beijing Chengyitong Technology Co., Ltd. (hereinafter referred to as "Chengyitong Technology") signed a "Maximum Guarantee Contract" with Everbright Bank, providing joint liability guarantee for the guaranteed debts under the main contract, with a guarantee period of three years from the expiration of the debtor's performance period as stipulated in the specific credit business contract or agreement.
- Chengyitong Technology signed a "Credit Agreement" with China Merchants Bank Co., Ltd. Beijing Branch (hereinafter referred to as "China Merchants Bank Beijing Branch") with a credit limit of RMB 10 million. To secure this credit business, the Company signed an "Irrevocable Guarantee Letter" with China Merchants Bank Beijing Branch, providing joint liability guarantee for the guaranteed debts under the main contract, with the guarantee period starting from the effective date of this guarantee letter until the expiration date of each loan, other financing, or accounts receivable rights assigned to China Merchants Bank Beijing Branch, or three years from the date of each advance. If any specific credit is extended, the guarantee period will be extended for another three years after the extension period expires.
- Yancheng Chengyitong Machinery Manufacturing Co., Ltd. (hereinafter referred to as "Yancheng Chengyitong") signed a "Credit Agreement" with China Merchants Bank Co., Ltd. Yancheng Branch (hereinafter referred to as "China Merchants Bank Yancheng Branch") with a credit limit of RMB 10 million. To secure this credit business, the Company signed an "Irrevocable Guarantee Letter" with China Merchants Bank Yancheng Branch, providing joint liability guarantee for the guaranteed debts under the main contract, with the guarantee period starting from the effective date of this guarantee letter until the expiration date of each loan, other financing, or accounts receivable rights assigned to China Merchants Bank Yancheng Branch, or three years from the date of each advance.
- Chengyitong Technology signed a "Comprehensive Credit Contract" with Beijing Bank with a credit limit of RMB 30 million. To secure this credit business, the Company signed a "Maximum Guarantee Contract" with Beijing Bank, providing joint liability guarantee for the guaranteed debts under the main contract, with a guarantee period of three years from the expiration of the main contract's debt performance period.