Shannon Chip Creation Technology Co., Ltd. Announcement on Application for Credit and Provision of Guarantee Limits for Wholly-Owned Subsidiaries
The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder:
- After approval by the shareholders' meeting, the guarantee limit of RMB 92.4 billion for wholly-owned subsidiaries, approved at the second extraordinary shareholders' meeting of 2025, will be terminated early. As of the date of this announcement, the maximum guarantee limit newly provided to wholly-owned subsidiaries is RMB 162.4 billion (or equivalent foreign currency), accounting for 552.88% of the company's audited net assets for 2024.
- Among the guaranteed entities, the recent asset-liability ratios for wholly-owned subsidiaries, United Chuangtai Technology Co., Ltd. (hereinafter referred to as "United Chuangtai"), Chuangtai Electronics (Shenzhen) Co., Ltd. (hereinafter referred to as "Chuangtai Electronics"), and Shenzhen Xinlianxin Storage Technology Co., Ltd. (hereinafter referred to as "Xinlianxin") are 71.85%, 97.43%, and 94.30%, respectively. The total new guarantee amount for United Chuangtai, Chuangtai Electronics, and Xinlianxin is RMB 160.5 billion (or equivalent foreign currency, including counter-guarantees), accounting for 546.41% of the company's audited net assets for 2024.
- The company and its subsidiaries have no external guarantees outside the consolidated financial statements, nor are there any overdue guarantees. Investors are advised to be cautious of risks.
- Any discrepancies between subtotal and total figures in this announcement are due to rounding.
I. Overview of Previous Credit Application and Guarantee Matters
On December 4, 2025, and December 23, 2025, the company held the fifteenth (extraordinary) meeting of the fifth board of directors and the second extraordinary shareholders' meeting of 2025, which approved the proposal on applying for credit and providing guarantee limits for wholly-owned subsidiaries. The company agreed to apply for a credit limit not exceeding RMB 95.4 billion (or equivalent foreign currency) from banks and non-bank institutions and to provide guarantees not exceeding RMB 92.4 billion (or equivalent foreign currency, including counter-guarantees) for wholly-owned subsidiaries including United Chuangtai, Chuangtai Electronics, Xinlianxin, Ningguo Julong Reducer Co., Ltd. (hereinafter referred to as "Julong Reducer"), and Shenzhen Julong Jingrun Technology Co., Ltd. (hereinafter referred to as "Julong Jingrun"). The validity period of the above credit and guarantees is one year from the date of approval by the shareholders' meeting, and the above limits can be reused within the credit and guarantee period. The shareholders' meeting has authorized the general manager to organize the handling of credit and guarantees within the above limits and sign relevant business documents, with the authorization valid for one year from the date of approval by the shareholders' meeting. For details, please refer to the announcement titled "Announcement on Application for Credit and Provision of Guarantee Limits for Wholly-Owned Subsidiaries" (Announcement No. 2025-097) disclosed by the company on December 6, 2025, in the Securities Times, Securities Daily, China Securities Journal, Shanghai Securities Journal, and the Giant Tide Information Network (www.cninfo.com.cn).