Huazi 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, without false records, misleading statements, or significant omissions.
1. Overview of Guarantees
On January 22, 2026, Huazi Technology Co., Ltd. held the 17th meeting of the 5th Board of Directors, and on February 9, 2026, it convened the first extraordinary general meeting of shareholders in 2026, which reviewed and approved the proposal on the estimated comprehensive credit limit and guarantee limit for the Company and its wholly-owned subsidiaries, holding subsidiaries, and their subordinate companies to apply for a total of no more than 4 billion RMB in comprehensive credit from financial institutions and similar financial enterprises in 2026. To ensure the smooth completion of the comprehensive credit financing plan, the Company and its wholly-owned subsidiaries and holding subsidiaries plan to provide guarantees of no more than 1 billion RMB for the wholly-owned subsidiaries, holding subsidiaries, and their subordinate companies within the scope of the consolidated financial statements in 2026. The specific credit and guarantee amounts will be subject to the agreements signed between the Company and the relevant financial institutions and similar financial enterprises. For detailed information, please refer to the announcements published by the Company on January 23, 2026, and February 9, 2026, on the designated information disclosure media of the China Securities Regulatory Commission, Cninfo (Announcement No.: 2026-001, 2026-002, 2026-006).
2. Progress of Guarantees
Given that the wholly-owned subsidiary Hunan Huazi Energy Service Co., Ltd. (hereinafter referred to as "Huazi Energy Service") applied for a comprehensive credit of 10 million RMB from China Everbright Bank Co., Ltd. Changsha Lugu Branch (hereinafter referred to as "Everbright Bank Changsha Lugu Branch"), the holding subsidiary Hunan Glite New Energy Development Co., Ltd. (hereinafter referred to as "Glite New Energy") applied for a working capital loan of 10 million RMB from Hunan Bank Co., Ltd. Changsha Branch (hereinafter referred to as "Hunan Bank Changsha Branch"), and the holding subsidiary Hubei Jingxi Electromechanical Technology Co., Ltd. (hereinafter referred to as "Hubei Jingxi") applied for a working capital loan of 10 million RMB from Shanghai Pudong Development Bank Co., Ltd. Wuhan Branch (hereinafter referred to as "Pudong Development Bank Wuhan Branch"), to ensure the smooth development of the business and production operations of the aforementioned companies, the Company recently signed guarantee contracts with Everbright Bank Changsha Lugu Branch, Hunan Bank Changsha Branch, and Pudong Development Bank Wuhan Branch, providing joint liability guarantees for the aforementioned bank credits. At the same time, other shareholders of Glite New Energy and Hubei Jingxi will provide joint liability counter-guarantees to the Company within the maximum guarantee amount according to their respective investment ratios. The guarantee situation for Huazi Energy Service, Glite New Energy, and Hubei Jingxi is shown in the table below: