Securities Code: 301039 Securities Abbreviation: CIMC Vehicles Announcement No.: 2026-006
CIMC Vehicles (Group) Co., Ltd.
Announcement on Guarantees for Subsidiaries, Distributors, and Customers in 2026
The Company and all members of the Board of Directors guarantee the information disclosed is true, accurate, and complete, and free from false records, misleading statements, or significant omissions.
I. Overview of Guarantees
(I) Guarantees for Subsidiaries
CIMC Vehicles (Group) Co., Ltd. (hereinafter referred to as the "Company" or "this Company," and together with its subsidiaries, "this Group") plans to provide guarantees for its subsidiaries within the scope of the consolidated financial statements to financial institutions for credit facilities, with a total outstanding balance not exceeding RMB 20 billion equivalent. Among these, guarantees for subsidiaries with an asset-liability ratio below 70% will not exceed RMB 17 billion equivalent, and guarantees for subsidiaries with an asset-liability ratio above 70% will not exceed RMB 3 billion equivalent. Guarantees for overseas subsidiaries' credit facilities will be prioritized through CIMC Vehicle Investment Holdings Co., Ltd.
(II) Guarantees for Subsidiaries' Distributors and Customers
To provide financial support for the Group's sales business, the Group will provide guarantees for its distributors and customers for the purpose of selling products. Specifically:
- To support the financial services for the automotive sales business, the Group will provide guarantees for credit loans provided by financial institutions to customers for the purchase of products, with a total outstanding balance not exceeding RMB 25 billion equivalent. Among these, the guarantee limit for customers' financing through financial institutions under China International Marine Containers (Group) Co., Ltd. (hereinafter referred to as "CIMC Group") is RMB 820 million. For details, please refer to the "Announcement on External Guarantees and Related Party Transactions" disclosed by the Company on Juchao Information Network on the same day.
The validity period of this guarantee resolution will be from the date of approval by the Company's shareholders' meeting until the next relevant resolution takes effect. The Board of Directors proposes that the shareholders' meeting authorize the Company's Chairman and CEO, Mr. Li Guiping, or his authorized representative, to sign all relevant guarantee documents for the Company.
The Company's Third Board of Directors meeting in 2026, held on March 24, 2026, deliberated and approved the "Proposal on Providing Guarantees for Subsidiaries, Distributors, and Customers in 2026." On March 24, 2026, the Third Board of Directors meeting in 2026, held on March 24, 2026, deliberated and approved the "Proposal on External Guarantees and Related Party Transactions." Directors Zeng Han, Wang Yu, and He Jin recused themselves from voting. The non-related directors present unanimously agreed to this proposal. The independent directors' special committee has also reviewed and approved this proposal. In accordance with the "Shenzhen Stock Exchange GEM Stock Listing Rules" and the "Articles of Association of CIMC Vehicles (Group) Co., Ltd." (hereinafter referred to as the "Articles of Association"), this matter is still subject to approval by the Company's shareholders' meeting.
II. Projected Guarantee Quotas