Announcement on Company's Application for Credit Line from Bank and Acceptance of Related Party Guarantee and Related Party Transaction
The company and all members of the board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
Changchun Zhiyuan New Energy Equipment Co., Ltd. (hereinafter referred to as the "Company") held the Fifth Meeting of the Third Board of Directors on June 22, 2026, and deliberated and passed the "Proposal on the Company's Application for a Credit Line from the Bank and Acceptance of Related Party Guarantee and Related Party Transaction". Related directors Mr. Zhang Yuan and Mr. Zhang Yichi recused themselves from voting. The Fifth Meeting of the Audit Committee of the Third Board of Directors and the Third Meeting of the Independent Directors of the Third Board of Directors had previously deliberated and approved this proposal. The current application for a bank credit line is within the scope of the board of directors' approval authority and does not require submission to the company's shareholders' meeting for deliberation. The relevant situation is hereby announced as follows:
I. Overview of Related Party Transaction
1. Overview of Related Party Transaction
To meet the company's business development plan and operational needs, the company plans to apply to the Changchun Branch of Ping An Bank Co., Ltd. for a comprehensive credit line not exceeding RMB 200 million. The credit period will be one year from the date of the resolution of the Fifth Meeting of the Third Board of Directors (the specific start and end dates are subject to bank approval). The credit line can be used cyclically within the credit period. The specific credit line, types, and terms are subject to the bank's final approval. The credit line does not represent the company's actual financing amount. The specific financing amount will be determined based on the company's actual operational needs and will be subject to the actual financing amount between the bank and the company within the credit line.
To facilitate the company's application for a comprehensive credit line from the bank, the Board of Directors authorizes the company's finance department to handle relevant credit matters with the bank within the aforementioned credit line based on the company's actual operational needs, and authorizes the company's legal representative to sign or handle all relevant legal documents related to credit within the aforementioned line (including but not limited to credit, loans, bills, mortgages, financing, guarantees, account opening, account closing, etc.).
Concurrently, Mr. Zhang Yuan, the Company's Chairman, controlling shareholder, and actual controller, and his spouse Ms. Wang Ran (hereinafter referred to as "Related Party") will provide personal joint and several liability guarantees for the aforementioned credit line. The specific form of guarantee, guarantee amount, and guarantee period shall be subject to the final agreement signed with the financial institution. The term of the related party guarantee shall be the same as the credit period. (The specific start and end dates are subject to bank approval). The company will apply to the bank in batches based on its actual capital needs for business development. The guarantor will sign relevant guarantee contracts with the bank according to the company's financing plan.
2. Explanation of Related Party Relationship
According to the "Rules Governing the Listing of Stocks on the ChiNext Market of the Shenzhen Stock Exchange" and the "Articles of Association", Mr. Zhang Yuan and Ms. Wang Ran are husband and wife. Mr. Zhang Yuan and Ms. Wang Ran are the controlling shareholders and actual controllers of the company. Therefore, Mr. Zhang Yuan and Ms. Wang Ran constitute related natural persons of the company, and the acceptance of the related party guarantee constitutes a related party transaction.