The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder: Xiechuang Data Technology Co., Ltd. (hereinafter referred to as "the Company") and its controlling subsidiaries have provided guarantees totaling over 100% of the Company's most recent audited net assets. The aforementioned guarantees are provided for entities within the scope of the consolidated financial statements and are within the Company's controllable range. Investors are advised to pay close attention and be aware of investment risks.
Overview of Guarantees
On March 28, 2025, and April 21, 2025, the Company held the 33rd meeting of the third board of directors and the annual shareholders' meeting for 2024, respectively, to review and approve the proposal regarding the Company and its subsidiaries applying for comprehensive credit from banks and other financial institutions for the year 2025. The total credit limit approved is not to exceed RMB 1,250 million or its equivalent in foreign currency. The credit limit is valid from the date of approval at the 2024 annual shareholders' meeting until the date of the 2025 annual shareholders' meeting (the actual credit banks, limits, and terms will be subject to the final approval by the relevant banks and financial institutions). This credit limit can be reused, and the Company agrees to accept guarantees from its subsidiaries within the consolidated financial statement scope for this credit limit.
To meet the daily operational needs of its subsidiaries, the Company and its subsidiaries have agreed to provide guarantees totaling not exceeding RMB 280 million or its equivalent in foreign currency for the credit applications of wholly-owned subsidiaries, including Anhui Xiechuang IoT Technology Co., Ltd., Xiechuang Data Technology (Hong Kong) Co., Ltd., and Sharetronic Data Technology (Thailand) Co., Ltd. (including any future newly established or consolidated subsidiaries). The authorization for these guarantees is valid from the date of approval at the 2024 annual shareholders' meeting until the date of the 2025 annual shareholders' meeting. The actual guarantee amounts, types, terms, etc., will be subject to the specific guarantee contracts or agreements signed with the relevant banks at the time of processing the guarantees. For detailed content, please refer to the announcement disclosed by the Company on April 1, 2025, on the Giant Tide Information Network (www.cninfo.com.cn) regarding the comprehensive credit application and related guarantees for the year 2025.
On May 27, 2025, the Company held the 35th meeting of the third board of directors and the 32nd meeting of the third supervisory board, and on June 13, 2025, it held the third extraordinary shareholders' meeting of 2025, where it reviewed and approved the proposal regarding the Company and its subsidiaries applying for additional comprehensive credit from banks and other financial or non-financial institutions for the year 2025. Due to an increase in business volume, the Company and its subsidiaries plan to apply for additional credit not exceeding RMB 800 million or its equivalent in foreign currency for the year 2025 to meet the daily operational and business development needs. The credit limit is valid from the date of approval at the third extraordinary shareholders' meeting of 2025 until the date of the 2025 annual shareholders' meeting (the actual credit banks, limits, and terms will be subject to the final approval by the relevant banks and financial or non-financial institutions). This additional credit limit can also be reused, and the Company agrees to accept guarantees from its subsidiaries within the consolidated financial statement scope for this credit limit.