Progress Announcement on Providing Guarantee Quota for Subsidiaries
On May 22, 2026, Jiangsu Yangdian Technology Co., Ltd. (hereinafter referred to as "the Company") held the 2025 Annual General Meeting of Shareholders, which approved the proposal on applying for bank credit and external guarantees in 2026. The Company agreed to provide guarantees for its subsidiaries, Jiangsu Yangdian Precision Conductor Co., Ltd. and Sichuan Hanyang Intelligent Technology Co., Ltd., among others (including future newly established subsidiaries or those included in the consolidated financial statements), for a total amount not exceeding RMB 700 million or equivalent foreign currency. The authorization for the guarantee is valid from the date of approval at the 2025 Annual General Meeting until the date of the 2026 Annual General Meeting. Within the expected quota and the validity period of the resolution, the Company and its subsidiaries may adjust the guarantee quota among eligible guarantee objects (including but not limited to the aforementioned guaranteed parties and future newly established subsidiaries or those included in the consolidated financial statements). The actual guarantee amount, type, duration, etc., shall be subject to the content of the guarantee contracts or agreements signed with relevant banks and financial institutions. The Company's board of directors authorized the legal representative of the Company to sign all legal documents within the aforementioned guarantee quota. Recently, the Company signed relevant guarantee contracts, and the progress of the guarantees is announced as follows: