Guanglian Aviation Industry 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.
1. Overview of Guarantees
The Company held the 22nd meeting of the 4th Board of Directors on April 22, 2026, where it reviewed and approved the proposal on the estimated guarantee limit for external provision in 2026. To meet the operational development needs of the Company, it plans to provide a total guarantee limit of no more than RMB 1.35 billion (including ongoing guarantees, hereinafter referred to as the "Total Guarantee Limit") for its wholly-owned and controlling subsidiaries (including newly established or newly merged subsidiaries within the authorization period) when applying for comprehensive credit and loans from banks and other financial institutions in 2026. This includes a maximum of RMB 900 million in joint liability guarantees for subsidiaries with a debt-to-asset ratio of 70% or higher, and a maximum of RMB 450 million for those with a debt-to-asset ratio below 70. The above limits are valid for 12 months from the date of approval by the shareholders' meeting and can be reused within the validity period.
The methods of guarantees involved in this total guarantee limit include but are not limited to general guarantees, joint liability guarantees, mortgages, pledges, etc., with a validity period from the date of approval by the 2025 annual shareholders' meeting until the next annual shareholders' meeting. During the total guarantee limit and period in 2026, the authorized chairman and their entrusted agents will be fully responsible for the specific allocation of the total guarantee limit to the guaranteed parties, related business approvals, procedural handling, and the signing of relevant agreements, contracts, and other legal documents, without the need to convene another Board of Directors or shareholders' meeting. If the balance of guarantees provided by the Company for subsidiaries exceeds the total guarantee limit or if other external guarantees occur in 2026, they will be submitted to the Board of Directors or shareholders' meeting for decision and approval in accordance with the relevant provisions of the Shenzhen Stock Exchange GEM Listing Rules and the Articles of Association of Guanglian Aviation Industry Co., Ltd. This guarantee matter still needs to be submitted to the Company's 2025 annual shareholders' meeting for review according to the relevant provisions of the Shenzhen Stock Exchange GEM Listing Rules and the Articles of Association of Guanglian Aviation Industry Co., Ltd.
2. Estimated Guarantee Limit for External Provision
The total guarantee limit provided by the Company for wholly-owned and controlling subsidiaries shall not exceed RMB 1.35 billion (including ongoing guarantees), and the aforementioned guarantee limit is the maximum guarantee limit, which can be reused within the validity period. The specific situation is as follows: