I. Overview of Guarantees
Wuhan Jingce Electronic Group Co., Ltd. (hereinafter referred to as "the Company") held the second meeting of the fifth board of directors on April 23, 2025, and the annual general meeting on May 19, 2025, to review and approve the proposal to provide guarantees for its subsidiaries' bank credit applications. To ensure the normal production and operation of the Company and its subsidiaries and to broaden funding channels, the Company or its subsidiaries plan to provide guarantees for the subsidiaries' comprehensive credit applications to banks in 2025, with a total guarantee amount not exceeding RMB 3.78 billion. This includes a maximum guarantee of RMB 90 million for Wuhan Jinghong Electronic Technology Co., Ltd. (hereinafter referred to as "Wuhan Jinghong"), RMB 800 million for Wuhan Jingli Electronic Technology Co., Ltd. (hereinafter referred to as "Wuhan Jingli"), and RMB 250 million for Wuhan Jingyitong Electronic Technology Co., Ltd. (hereinafter referred to as "Wuhan Jingyitong"). The types of credit include working capital loans, bank acceptance bills, guarantees, domestic letters of credit, bill discounts, bill pools, commercial factoring, and other methods, subject to the actual approval limits and terms set by the banks. For detailed information, please refer to the announcement disclosed by the Company on April 25, 2025, on the Giant Tide Information Network (http://www.cninfo.com.cn) (Announcement No.: 2025-063). The Company held the sixth meeting of the fifth board of directors on October 28, 2025, and the third extraordinary general meeting on November 17, 2025, to review and approve the proposal to provide guarantees for its subsidiaries' bank credit applications. The Company plans to provide a maximum guarantee of RMB 100 million for Suzhou Jingcai Semiconductor Technology Co., Ltd. (hereinafter referred to as "Suzhou Jingcai"), with the same types of credit as mentioned above, subject to the actual approval limits and terms set by the banks. For detailed information, please refer to the announcement disclosed by the Company on October 29, 2025, on the Giant Tide Information Network (http://www.cninfo.com.cn) (Announcement No.: 2025-129).
According to the "Shenzhen Stock Exchange Growth Enterprise Market Listing Rules" and the "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Standardized Operations of Growth Enterprise Market Listed Companies" and relevant laws and regulations, the specific progress of the guarantees is disclosed as follows: