Securities Code: 300505
Securities Abbreviation: Chuanjinno
Announcement Number: 2026-036
Kunming Chuanjinno Chemical Co., Ltd. (hereinafter referred to as "the Company" or "Chuanjinno") and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
1. Overview of the Guarantee Situation
On March 18, 2026, Kunming Chuanjinno Chemical Co., Ltd. held the 19th meeting of the 5th board of directors, and on April 10, 2026, the 2025 annual shareholders' meeting approved the proposal regarding the Company and its subsidiaries applying for a comprehensive credit limit from banks for 2026 and the Company providing guarantees for its subsidiaries. The independent directors of the 5th board expressed their agreement on this matter to promote the Company's sustainable and stable development and to meet the funding needs for daily operations and business development. The Company and its controlling subsidiary Guangxi Chuanjinno Chemical Co., Ltd. (hereinafter referred to as "Guangxi Chuanjinno Chemical") and wholly-owned subsidiary Yunnan Xingshenghai International Trade Co., Ltd. (hereinafter referred to as "Xingshenghai") plan to apply for a comprehensive credit limit not exceeding RMB 2.1 billion (final amount subject to bank approval). Under this credit limit, the Company agrees to provide guarantees for Guangxi Chuanjinno Chemical and Xingshenghai not exceeding RMB 1.4 billion (including new guarantees and renewal of existing guarantees), with guarantee methods including but not limited to general guarantees, joint liability guarantees, mortgages, and pledges. The remaining RMB 700 million will be credit financing without the need for guarantees. The validity period for the credit application is from the date of approval by the 2025 annual shareholders' meeting until the next annual shareholders' meeting. The credit limit and term are subject to final bank approval, and the credit limit can be reused; the Company can adjust the guarantee amount among the guaranteed subsidiaries based on actual conditions. If there are changes to the guarantee methods, the Company will review them in accordance with relevant regulations. The Company authorizes the chairman or financial director Mr. Huang Hai to decide on specific matters related to the credit and guarantee within the approved limits based on the actual funding needs of the Company and its subsidiaries (including but not limited to loan banks, loan amounts, loan terms, loan interest rates, credit types, guarantee methods, and guarantee amounts) and to fully represent the Company and its subsidiaries in signing all legal documents related to the credit and guarantee limits (including but not limited to credit agreements, loan agreements, letters of guarantee, letters of credit, mortgage agreements, pledge agreements, guarantee agreements, etc.). For specific details, please refer to the announcement titled "Announcement on the Company and Subsidiaries Applying for Comprehensive Credit Limits from Banks for 2026 and the Company Providing Guarantees for Subsidiaries" (Announcement Number: 2026-010) published by the Company on March 20, 2026, on the designated information disclosure platform of the China Securities Regulatory Commission, the Giant Tide Information Network (http://www.cninfo.com.cn).
2. Progress of the Guarantee
Recently, the Company signed a "Guarantee Contract" with Bank of Communications Co., Ltd. Guangxi Branch (hereinafter referred to as "Bank of Communications") for Guangxi Chuanjinno Chemical's credit application, providing a joint liability guarantee with a maximum principal limit of RMB 50 million. This guarantee is within the approved limit discussed at the 19th meeting of the 5th board of directors and the 2025 annual shareholders' meeting and does not require further approval from the board or shareholders.