Securities Code: 300475
Securities Abbreviation: Xiangnong Xinchuang
Announcement Number: 2026-067
Xiangnong Xinchuang Technology Co., Ltd.
Announcement on Progress of Guarantees for Wholly-Owned Subsidiaries and Guarantees Received from Related Parties and Related Party Transactions
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are not aware of any false representations, misleading statements, or material omissions.
Special Reminder:
- As of the date of this announcement, calculated based on the maximum principal guarantee amount of RMB 2.80 billion for this period, Xiangnong Xinchuang Technology Co., Ltd. (hereinafter referred to as the "Company") has a cumulative guarantee amount for its subsidiaries (including counter-guarantees; composite guarantees for the same debt are counted only once. The same applies below) of RMB 11.917 billion (the exchange rate for USD contracts is calculated based on the central parity rate of RMB against USD published by the China Foreign Exchange Trade System on July 24, 2026, at 1 USD to 6.7939 RMB, excluding guarantees provided by subsidiaries), accounting for 333.35% of the Company's audited net assets for 2025.
Among them, the cumulative guarantee amount provided by the Company for its wholly-owned subsidiary Shenzhen Xinlianxin Storage Technology Co., Ltd. (hereinafter referred to as "Xinlianxin") is RMB 2.110 billion.
- The Company and its subsidiaries have no external guarantee matters outside the scope of the consolidated financial statements, nor are there any overdue guarantees.
Investors are kindly reminded to be aware of risks.
I. Overview of Deliberation and Approval
(I) Overview of Guarantee Deliberation and Approval
The Company held the 17th (Extraordinary) Meeting of the Fifth Board of Directors on March 20, 2026, and the First Extraordinary General Meeting of Shareholders on April 7, 2026. The proposal "Proposal on Applying for Credit and Providing Guarantee Quotas for Wholly-Owned Subsidiaries" was deliberated and approved. It was agreed that entities within the Company's consolidated scope, including United Chuangtai Technology Co., Ltd. (hereinafter referred to as "United Chuangtai"), Ningguo Julong Reducer Co., Ltd., United Chuangtai (Shenzhen) Electronics Co., Ltd., Shenzhen Xinlianxin Storage Technology Co., Ltd. (hereinafter referred to as "Xinlianxin"), and Shenzhen Julong Jingrun Technology Co., Ltd., would be provided with new guarantees not exceeding RMB 16.24 billion (or equivalent foreign currency). Among them, new guarantees not exceeding RMB 1.599 billion (or equivalent foreign currency) would be provided for Xinlianxin. The guarantee methods include, but are not limited to, general guarantees, joint and several liability guarantees, etc. Within the above quota, the Company may adjust the guarantee quota among the guaranteed entities (including wholly-owned subsidiaries or wholly-owned subsidiaries of wholly-owned subsidiaries) based on the actual situation. However, for guaranteed entities with an asset-liability ratio of 70% or higher, guarantees can only be obtained from guaranteed entities with an asset-liability ratio of 70% or higher. Please refer to the "Announcement on Applying for Credit and Providing Guarantee Quotas for Wholly-Owned Subsidiaries" (Announcement No.: 2026-017) and the "Announcement on the First Extraordinary General Meeting of Shareholders in 2026" (Announcement No.: 2026-025) disclosed by the Company on the Securities Times, Securities Daily, China Securities Journal, Shanghai Securities News, and cninfo.com.cn on March 21 and April 7, 2026.