Announcement on the Estimated Guarantee Limit for the Controlling Subsidiaries in 2026
This announcement is made by Houp Clean Energy (Group) Co., Ltd. and all members of the board guarantee that the information disclosed is true, accurate, and complete, without any false records, misleading statements, or significant omissions.
1. Overview of the Guarantee Situation
- To meet the business development needs of Houp Clean Energy (Group) Co., Ltd.'s controlling subsidiaries and optimize financing capabilities, the company intends to provide a total guarantee limit of no more than RMB 200 million for its controlling subsidiaries within the consolidated financial statements to apply for comprehensive credit from banks and other financial institutions (including loans, bank acceptance bills, commercial acceptance bills, letters of credit, guarantees, etc.). Among this, the estimated guarantee limit for subsidiaries with a debt-to-asset ratio below 70% is no more than RMB 100 million, and for those with a debt-to-asset ratio above 70% (including 70%), it is also no more than RMB 100 million. The validity period for the use of this limit is no more than twelve months from the date of approval by the board of directors. During this period, the actual guarantee limit can be used in a rolling manner within the authorized scope.
- On March 30, 2026, the company held the 27th meeting of the fifth board of directors, which approved the proposal on the estimated guarantee limit for controlling subsidiaries for 2026 with a vote of 7 in favor, 0 against, and 0 abstentions. According to the "Shenzhen Stock Exchange GEM Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2 - Standard Operation of GEM Listed Companies," and other legal regulations, this proposal has been reviewed and approved by the independent directors' special meeting and does not need to be submitted to the shareholders' meeting for approval.
- The authorized guarantee limit is valid for twelve months from the date of approval by the board of directors, and the previous year's estimated guarantee limit will automatically become invalid. The board authorizes Mr. Wang Jiwen, the chairman of the company, and his authorized personnel to sign and handle specific guarantee matters within the valid period and authorized limit. The specific guarantee amount and guarantee period within the authorized limit will be executed according to the specific contract agreements.
2. Estimated Guarantee Limit Situation
| Guarantor | Guaranteed Party | Guarantor's Shareholding Ratio | Latest Debt-to-Asset Ratio | Current Guarantee Balance (10,000 RMB) | New Guarantee Limit (10,000 RMB) | Guarantee Limit as a Percentage of Latest Net Assets | Related Guarantee |
|---|---|---|---|---|---|---|---|
| Company | Chengdu Andison Fluid Technology Co., Ltd. | 100% | 34.47% | 0 | 10,000 | 6.38% | No |
| Company | Houp Clean Energy Group Energy Equipment Co., Ltd. | 100% | 42.31% | 0 | - | No | |
| Company | Houp Smart IoT Technology Co., Ltd. | 100% | 9.10% | 0 | - | No | |
| Company | Sichuan Jiaqi Rui Aviation Equipment Co., Ltd. | 69% | 38.01% | 3,200 | - | No | |
| Company | Other newly established or included subsidiaries | / | Below 70% | / | - | No | |
| Company | Houp Clean Energy Group Chengdu Technology Service Co., Ltd. | 100% | 90.92% | 0 | 10,000 | 6.38% | No |
| Company | Chengdu Houp Hydrogen Energy Technology Co., Ltd. | 100% | 81.49% | 0 | - | No | |
| Company | Houp Clean Energy Group International Engineering Equipment Co., Ltd. | 100% | 87.35% | 0 | - | No | |
| Company | Houp Clean Energy Group Engineering Technology Co., Ltd. | 100% | 137.07% | 7,000 | - | No | |
| Company | Chengdu Houp Low Temperature Equipment Co., Ltd. | 100% | 92.24% | 1,500 | - | No | |
| Company | Other newly established or included subsidiaries | / | Above 70% | / | - | No |