Securities Code: 300475
Securities Abbreviation: Xiangnong Xinchuang
Announcement No.: 2026-069
Xiangnong Xinchuang Technology Co., Ltd.
Announcement on Progress of Guarantees for Wholly-Owned Subsidiaries and Guarantees Received from Related Parties, Constituting Related Party Transactions
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from 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 11.50 billion for this batch, Xiangnong Xinchuang Technology Co., Ltd. (hereinafter referred to as the "Company") has cumulatively guaranteed its subsidiaries (including counter-guarantees, where composite guarantees for the same debt are counted only once. The same applies hereinafter) with a contract amount of RMB 130.66 billion (the exchange rate for USD contracts is calculated based on the onshore RMB exchange rate published by the China Foreign Exchange Trade System on July 28, 2026, at 1 USD to 6.7928 RMB, excluding guarantees provided by subsidiaries). This amount represents 365.50% of the Company's net assets audited for the year 2025.
Of this, the Company has cumulatively provided guarantees to its wholly-owned subsidiary United Chuangtai Technology Co., Ltd. (hereinafter referred to as "United Chuangtai") with a contract amount of RMB 10.29 billion. It has provided guarantees to its wholly-owned subsidiary Shenzhen Xinlianxin Storage Technology Co., Ltd. (hereinafter referred to as "Xinlianxin") with a contract amount of RMB 2.26 billion, and to Xinlianxin's wholly-owned subsidiary Xinlianxin Hong Kong Technology Co., Ltd. (hereinafter referred to as "Xinlianxin Hong Kong") with a contract amount of RMB 100 million.
- The Company and its subsidiaries have no external guarantee matters outside the scope of the consolidated financial statements, nor are there any overdue guarantees.
We kindly remind investors to be aware of and guard against 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 in 2026 on April 7, 2026, and deliberated and approved the "Proposal on Applying for Credit and Providing Guarantee Quotas for Wholly-Owned Subsidiaries." It was agreed that entities within the Company's consolidated scope would provide new guarantees not exceeding RMB 16.24 billion (or equivalent foreign currency) for wholly-owned subsidiaries such as United Chuangtai, Ningguo Julong Reducer Co., Ltd., United Chuangtai (Shenzhen) Electronics Co., Ltd., Xinlianxin, and Shenzhen Julong Jingrun Technology Co., Ltd. Among these, new guarantees not exceeding RMB 1.599 billion (or equivalent foreign currency) will be provided for Xinlianxin. The guarantee methods include, but are not limited to, general guarantees and joint liability guarantees. Within the aforementioned quota, the Company may adjust the guarantee quota among the guaranteed entities (including wholly-owned subsidiaries or wholly-owned subsidiaries of the guaranteed entities) based on the actual situation. However, when adjustments are made, guarantees can only be obtained from guaranteed entities with an asset-liability ratio of over 70%. Please refer to the "Announcement on Applying for Credit and Providing Guarantee Quotas for Wholly-Owned Subsidiaries" (Announcement No.: 2026-017) and the "Announcement of the First Extraordinary General Meeting of Shareholders in 2026" (Announcement No.: 2026-025) disclosed by the Company on March 21, 2026, and April 7, 2026, in the Securities Times, China Securities Journal, Shanghai Securities News, and CNINFO (www.cninfo.com.cn).