300710SZSE

Progress Announcement on External Guarantees

Wanlong Optoelectronics Co., Ltd.··4 pages

✨ AI Summary

Hangzhou Wanlong Optoelectronics Co., Ltd. announced a guarantee of up to RMB 20 million for its subsidiaries to support operational needs. Recently, a guarantee contract was signed with ICBC for a loan of RMB 6 million to its wholly-owned subsidiary. The total external guarantees approved amount to RMB 200 million, with no overdue guarantees or litigation issues reported.

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Full Translation

AI Translation· azure_openai

Securities Code: 300710
Securities Abbreviation: Wanlong Optoelectronics
Announcement Number: 2026-036

Hangzhou Wanlong Optoelectronics 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, with no false records, misleading statements, or significant omissions.

I. Overview of Guarantees

The Company held the ninth meeting of the fifth Board of Directors on April 28, 2025, and the annual general meeting of shareholders on May 22, 2025, to review and approve the proposal on the estimated external guarantee limit for 2025. To meet the operational needs of the Company and its subsidiaries and to ensure the smooth application for comprehensive credit or other business operations, the estimated guarantee limit for 2025 is set at no more than RMB 200 million, which includes new guarantees and the extension or renewal of existing guarantees. The period of this guarantee limit is from the date of approval by the shareholders' meeting until the annual shareholders' meeting in 2025, and the limit can be reused within this period. The Company requests the shareholders' meeting to authorize the Chairman of the Company and its subsidiaries or their designated agents to handle guarantee-related matters and sign relevant legal documents within the above guarantee limit based on actual conditions. For specific details, please refer to the announcement titled "Estimated External Guarantee Limit for 2025" disclosed by the Company on April 29, 2025, on the Giant Tide Information Network (http://www.cninfo.com.cn) (Announcement Number: 2025-016).

II. Progress of Guarantees

Recently, the Company signed a guarantee contract numbered "0120200017-2026 Year Chaohui (Guarantee) No. 0009" with the Hangzhou Chaohui Branch of Industrial and Commercial Bank of China (hereinafter referred to as "ICBC Chaohui Branch"), agreeing that the Company will provide guarantees for the debt under the "Working Capital Loan Contract" (Contract Number: 0120200017-2026 Year (Chaohui) No. 00468) signed between ICBC Chaohui Branch and its wholly-owned subsidiary Hangzhou Wanlong Communication Technology Co., Ltd., with a principal amount of RMB 6 million.
The above guarantee falls within the scope of guarantees that have been reviewed and approved and does not require further review by the Company's Board of Directors or shareholders' meeting.

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