Xiamen Hongxin Electronics Technology Group Co., Ltd. (hereinafter referred to as "the Company") held its second extraordinary general meeting of shareholders for 2026 on February 27, 2026, where it approved the proposal regarding the guarantee limit for subsidiaries for the year 2026. The specific content can be found in the announcement disclosed on the Giant Tide Information Network.
Progress of External Guarantees
Recently, the Company, as the guarantor, provided joint liability guarantees for its wholly-owned subsidiary, Suzhou Huayang Electronics Co., Ltd. (hereinafter referred to as "Huayang Electronics"), to Suzhou Bank Co., Ltd. Huangqiao Branch (hereinafter referred to as "Suzhou Bank"), and for its holding subsidiary, Gansu Suihong Green Computing Co., Ltd. (hereinafter referred to as "Suihong Green"), to China Construction Bank Co., Ltd. Qingyang Branch (hereinafter referred to as "CCB Qingyang Branch"). The guarantees were formalized through the signing of guarantee contracts with Suzhou Bank and CCB Qingyang Branch, with guarantee amounts of RMB 20 million, RMB 20 million, and RMB 30 million, respectively. Suihong Green is a wholly-owned subsidiary of Jiangsu Suihong Huachuang Technology Co., Ltd. (formerly known as "Shanghai Suihong Huachuang Technology Co., Ltd."), in which the Company holds a 60% equity stake, while Zhoushan Huhong Zhichuang Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Huhong Zhichuang") holds a 40% equity stake. Huhong Zhichuang provides a proportionate counter-guarantee for the bank financing guarantee matters of Suihong Green.