Securities Code: 300475
Securities Abbreviation: Xiangnong Xinchuang
Announcement No.: 2026-071
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, and are free from any false representations, misleading statements, or material omissions.
Special Reminder:
- As of the date of this announcement, based on the maximum principal guarantee amount of RMB 15.12 billion for this batch, Xiangnong Xinchuang Technology Co., Ltd. (hereinafter referred to as the "Company") has accumulated RMB 13.323 billion in guarantee contracts for its subsidiaries (including counter-guarantees; composite guarantees for the same debt are counted only once. The same applies below). The exchange rate for the USD contract is calculated based on the RMB central parity rate announced by the China Foreign Exchange Trade System on August 10, 2026, at 1 USD to 6.7884 RMB, excluding guarantees provided by subsidiaries. This amount represents 372.67% of the Company's audited net assets for 2025.
Of this, the Company has accumulated RMB 10.544 billion in guarantee contracts for its wholly-owned subsidiary Lianhe Chuangtai Technology Co., Ltd. (hereinafter referred to as "Lianhe Chuangtai").
- 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 the risks.
I. Overview of Deliberation Process
(I) Overview of Guarantee Deliberation Process
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, respectively. The proposal "Regarding Applying for Credit and Providing Guarantee Quotas for Wholly-Owned Subsidiaries" was deliberated and approved. The Company agreed to provide new guarantees not exceeding RMB 16.24 billion (or equivalent foreign currency) for its consolidated entities, including Lianhe Chuangtai, Ningguo Julong Reducer Co., Ltd., Lianhe Chuangtai (Shenzhen) Electronics Co., Ltd., Shenzhen Xinlianxin Storage Technology Co., Ltd. (hereinafter referred to as "Xinlianxin"), and Shenzhen Julong Jingrun Technology Co., Ltd., among other wholly-owned subsidiaries. Among these, new guarantees not exceeding RMB 14.336 billion (or equivalent foreign currency) will be provided for Lianhe Chuangtai. The guarantee methods include, but are not limited to, general guarantees and joint liability guarantees. Within the above quota, the Company may adjust the guarantee quota among the guaranteed entities (including the above-mentioned guaranteed entities' wholly-owned subsidiaries or wholly-owned grand-subsidiaries) based on the actual situation. However, when adjustments are made, only entities with an asset-liability ratio above 70% can obtain guarantee quotas from entities with an asset-liability ratio above 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 Resolution 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 Securities Times, Securities Daily, China Securities Journal, Shanghai Securities News, and CNINFO.com.cn.
Subsequently, based on the authorization of the First Extraordinary General Meeting of Shareholders in 2026, the Company's General Manager's Office meeting approved the adjustment of RMB 0.861 billion of unused guarantee quota for consolidated entities to Lianhe Chuangtai. Among these, RMB 0.661 billion was transferred to Xinlianxin, and RMB 0.2 billion was transferred to Xinlianxin's wholly-owned subsidiary Xinlianxin Hong Kong Technology Co., Ltd. (hereinafter referred to as "Xinlianxin Hong Kong"). After the adjustment, the new guarantee quota (including counter-guarantee) for consolidated entities to Lianhe Chuangtai was reduced to RMB 13.475 billion, the new guarantee quota (including counter-guarantee) for Xinlianxin was increased to RMB 2.260 billion, and the new guarantee quota (including counter-guarantee) for Xinlianxin Hong Kong was increased to