300477SZSE
🚨 Material Event

Announcement on the Progress of External Guarantees

ST United Co., Ltd.··4 pages

✨ AI Summary

This announcement details the progress of external guarantees provided by HZ Technology Co., Ltd. The company has approved a guarantee of up to 180 million RMB for its subsidiary, Hunan Yacheng New Energy Co., Ltd. Recently, a maximum guarantee contract was signed with Bank of China for a debt not exceeding 82 million RMB. The total external guarantees amount to 246 million RMB, representing 206.65% of the company's audited net assets.

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Full Translation

AI Translation· azure_openai

Securities Code: 300477

Securities Abbreviation: ST HZ

Announcement Number: 2026-032

HZ Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

Special Reminder: The total amount of guarantees provided by HZ Technology Co., Ltd. exceeds 100% of the most recent audited net assets. Investors are advised to pay attention to the related risks.

I. Overview of Guarantees

The Company held the 13th meeting of the 7th Board of Directors on April 28, 2026, and the 2025 Annual General Meeting on May 25, 2026, where it reviewed and approved the proposal regarding the expected comprehensive credit limit application for 2026 and the expected guarantee limit for subsidiaries. The Company agreed to provide a joint liability guarantee of no more than 180 million RMB for its holding company, Hunan Yacheng New Energy Co., Ltd. (hereinafter referred to as "Hunan Yacheng"). This limit includes guarantees that are already effective and being executed, extensions or renewals of existing guarantees, and future guarantees to be signed. The validity period of the limit is 12 months from the date of approval by the Company's 2025 Annual General Meeting. Hunan Yacheng provides a full joint liability counter-guarantee for the guarantees provided by the Company. At the same time, the shareholders' meeting authorized the management of the Company to handle the above guarantee matters within the approved limit and sign relevant legal documents. For details, please refer to the announcement disclosed by the Company on April 28, 2026, on the Giant Tide Information Network regarding the expected comprehensive credit limit application for 2026 and the expected guarantee limit for subsidiaries.

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