300870SZSE

Announcement on the Progress of External Guarantees

✨ AI Summary

Shenzhen Oulu Electronics Co., Ltd. announced that it approved a total guarantee limit of up to 2.6 billion RMB for its subsidiaries. Recently, the company signed a maximum guarantee contract with Hangzhou Bank, providing joint liability guarantees for financing contracts with its subsidiary, Hangzhou Yundian Technology Energy Co., Ltd. The total guarantee balance for Hangzhou Yundian is currently 335 million RMB.

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Full Translation

AI Translation· azure_openai

Overview of Guarantee Situation

Shenzhen Oulu Electronics Co., Ltd. (hereinafter referred to as "the Company" or "Oulu") held its 2026 second meeting of the third board of directors on April 20, 2026, and the 2025 annual shareholders' meeting on May 13, 2026, where it approved the proposal regarding the estimated guarantee limit for its subsidiaries. The total guarantee amount for the year 2026 to be provided to its subsidiaries shall not exceed 2.6 billion RMB (including equivalent foreign currency), with an estimated guarantee limit of no more than 600 million RMB to its controlling subsidiary, Hangzhou Yundian Technology Energy Co., Ltd. (hereinafter referred to as "Hangzhou Yundian"), valid until the date of the 2026 annual shareholders' meeting. For specific details, please refer to the relevant announcements published by the Company on the Giant Tide Information Network (http://www.cninfo.com.cn).

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