Announcement on Guarantee for Full Subsidiary's Financing Lease Business and Related Party Transaction
The company and the board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false representations, misleading statements, or material omissions.
On August 10, 2026, the Fifth Board of Directors' Twelfth Meeting of Li'ang Technology Co., Ltd. (hereinafter referred to as the "Company") deliberated and passed the "Proposal on Guarantee for Full Subsidiary's Financing Lease Business and Related Party Transaction." The Company and its related parties will provide guarantees for the financing lease business of its wholly-owned subsidiary, Li'ang Cloud Data (Sichuan) Co., Ltd. (hereinafter referred to as "Sichuan Cloud Data"). Independent directors have held a special meeting and deliberated and passed this proposal in advance. The specific content is hereby announced as follows:
I. Transaction Overview
To meet the capital needs of the subsidiary's production and operation, further broaden financing channels, optimize the financing structure, revitalize existing assets, and improve capital utilization efficiency, the Company's wholly-owned subsidiary, Sichuan Cloud Data, plans to conduct a sale and leaseback financing lease business with Haitong Hengxin International Financial Leasing Co., Ltd. (hereinafter referred to as "Haitong Hengxin"). The planned financing amount will not exceed RMB 60 million, and the lease term will not exceed 3 years from the commencement date. Mr. Wang, the actual controller of the Company, and Ms. Zi, the Chairwoman of the Company, will provide unlimited joint liability guarantees for this financing lease business of the wholly-owned subsidiary free of charge. The Company and the subsidiaries will not pay any guarantee fees to Mr. Wang and Ms. Zi, nor will they provide counter-guarantees. Specific matters are subject to the relevant contracts signed. The Company's board of directors authorizes the Company's Chairman and management to sign the relevant agreements for the financing lease business based on the actual situation.
Mr. Wang is the Vice Chairman, controlling shareholder, and actual controller of the Company. Ms. Zi is the Chairwoman and Executive Vice President of the Company. Ms. Zi is the daughter of Mr. Wang. According to the "Shenzhen Stock Exchange GEM Stock Listing Rules" and other relevant regulations, Mr. Wang and Ms. Zi are related natural persons of the Company. The above matters constitute related party transactions and do not constitute a major asset restructuring as stipulated in the "Measures for the Administration of Major Asset Restructuring of Listed Companies." It does not require approval from relevant authorities or submission to the Company's shareholders' meeting for deliberation.
II. Basic Information of the Counterparty
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Company Name: Haitong Hengxin International Financial Leasing Co., Ltd.
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Unified Social Credit Code: 91310000764705772U
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Date of Establishment: 2004-07-09
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Registered Capital: RMB 8,235.3 million
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Type:股份有限公司(港澳台投资、上市) (Limited Liability Company (Investment from Hong Kong, Macao, and Taiwan, Listed))
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Legal Representative: Mao Yuxing
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Address: No. 599 South Zhongshan Road, Huangpu District, Shanghai
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Business Scope: Financial leasing business; leasing business; purchase of leased assets from domestic and foreign sources; residual value treatment and maintenance of leased assets; leasing transaction consulting and guarantee; concurrently engaged in commercial factoring business related to the main business. [Projects subject to approval according to law can only be carried out after approval by relevant departments]
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Relationship: No related party relationship with the Company.
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According to the inquiry on the China Enforcement Information Disclosure Network, Haitong Hengxin is not an untrustworthy person subject to enforcement.
III. Basic Information of Related Parties
Mr. Wang is currently the Vice Chairman of the Company, a Chinese national, residing in Urumqi. Mr. Wang directly holds 91,024,739 shares of the Company, accounting for 19.58% of the Company's total share capital. Mr. Wang is the controlling shareholder and actual controller of the Company, and Mr. Wang is a related party of the Company. Mr. Wang is not an untrustworthy person subject to enforcement.