Jiangsu Yangdian Technology Co., Ltd.
Announcement on Company and Subsidiaries' Proposed New Comprehensive Credit and Guarantee Applications to Financial Institutions
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and do not contain any false representations, misleading statements, or material omissions.
Jiangsu Yangdian Technology Co., Ltd. (hereinafter referred to as the "Company") held the eighth meeting of the third Board of Directors on June 22, 2026, and reviewed and approved the "Proposal on the Company and its Subsidiaries' Proposed New Comprehensive Credit and Guarantee Applications to Financial Institutions." In accordance with the "Shenzhen Stock Exchange GEM Stock Listing Rules," the "Articles of Association of Jiangsu Yangdian Technology Co., Ltd.," and other regulations, the above matter does not constitute a related party transaction and needs to be submitted to the Company's shareholders' meeting for review. The relevant matters are hereby announced as follows:
I. Overview of Previous Comprehensive Credit and Guarantee Applications
On May 22, 2026, the Company held its 2025 Annual Shareholders' Meeting, which reviewed and approved the "Proposal on the Company's Application for Bank Credit and External Guarantees to Financial Institutions in 2026." The Company and its subsidiaries (referring to subsidiaries and sub-subsidiaries within the consolidated financial statements, hereinafter collectively referred to as "subsidiaries") planned to apply for a total credit line of no more than RMB 160,000 million or its equivalent in foreign currency from banks and other financial institutions in 2026. The credit line includes, but is not limited to: loans, acceptance bills and discounts, financing guarantees, bill pools, letters of credit, financial leases, foreign exchange derivative products, etc. The application methods include, but are not limited to, credit lines, margin deposits, certificate of deposit pledges, and other reasonable methods. The credit line period will be from the date of approval by the Company's 2025 Annual Shareholders' Meeting until the date of the 2026 Annual Shareholders' Meeting (the credit banks, credit line, and credit period will be subject to the final approval of the banks and other financial institutions). The credit line is revolving. Within this credit line, the Company agrees to accept guarantees provided by subsidiaries within the consolidated financial statements for the Company.
Concurrently, it was agreed that the Company would provide guarantees for subsidiaries such as Jiangsu Yangdian Precision Conductor Co., Ltd. (hereinafter referred to as "Precision Conductor") and Sichuan Hanyang Intelligent Technology Co., Ltd. (hereinafter referred to as "Hanyang Intelligent") (including future newly established subsidiaries or subsidiaries included in the consolidated financial statements) for their credit applications to banks and other financial institutions, with a total guarantee amount not exceeding RMB 70,000 million or its equivalent in foreign currency. The guarantee authorization period will be from the date of approval by the Company's 2025 Annual Shareholders' Meeting until the date of the 2026 Annual Shareholders' Meeting.
The specific details of the above matters can be found in the "Announcement on the Company and its Subsidiaries' Application for Comprehensive Credit and Related Guarantees in 2026" (2026-014) disclosed by the Company on the designated information disclosure website of the China Securities Regulatory Commission's GEM on April 28, 2026.
II. Overview of the New Comprehensive Credit and Guarantee Application
(I) New Comprehensive Credit Application