Securities Code: 300475
Securities Abbreviation: Xiangnong Xinchuang
Announcement Number: 2026-070
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 all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or major omissions.
Special Reminder:
- As of the date of this announcement, calculated based on the maximum principal guarantee amount of RMB 1.86 billion for this batch, Xiangnong Xinchuang Technology Co., Ltd. (hereinafter referred to as the "Company") has cumulatively provided guarantees (including counter-guarantees; composite guarantees for the same debt are counted only once. The same applies below) for its subsidiaries with a contract amount of RMB 120.29 billion (the exchange rate for USD contracts is calculated based on the central parity rate of RMB to USD published by the China Foreign Exchange Trade System on August 6, 2026, which is 1 USD to 6.7895 RMB, excluding guarantees provided by subsidiaries). This amount accounts for 336.47% of the Company's net assets audited for 2025.
Among them, the cumulative guarantee contract amount provided by the Company for its wholly-owned subsidiary Lianhe Chuangtai Technology Co., Ltd. (hereinafter referred to as "Chuangtai") is RMB 9.25 billion, and the guarantee contract amount for its wholly-owned subsidiary Ningguo Julong Reducer Co., Ltd. (hereinafter referred to as "Julong Reducer") is RMB 103 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.
Investors are kindly requested to be aware of and prevent risks.
I. Overview of Deliberation Status
(I) Overview of Guarantee Deliberation Status
The Company held the 17th (Extraordinary) Board Meeting of the Fifth Board of Directors on March 20, 2026, and the First Extraordinary General Meeting of Shareholders 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 Chuangtai, Julong Reducer, Chuangtai (Shenzhen) Electronics Co., Ltd. (hereinafter referred to as "Xinlianxin"), and Shenzhen Xinlianxin Storage Technology Co., Ltd. (hereinafter referred to as "Xinlianxin"). Among them, new guarantees not exceeding RMB 14.336 billion (or equivalent foreign currency) will be provided for Chuangtai, and new guarantees not exceeding RMB 180 million (or equivalent foreign currency) will be provided for Julong Reducer.
Within the scope of the above quota, the Company may adjust the guarantee quota among the guaranteed entities (including wholly-owned subsidiaries or wholly-owned subsidiaries of the above-mentioned 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%. For details, 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" (Announcement No.: 2026-025) disclosed by the Company on the Securities Times, Securities Daily, China Securities Journal, Shanghai Securities News, and Giant Information Network (www.cninfo.com.cn) on March 21, 2026, and April 7, 2026.