Jinpu Garden Co., Ltd.
Announcement on Progress of External Guarantees
The company and the board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements, or material omissions.
I. Overview of Guarantees
Jinpu Garden Co., Ltd. (hereinafter referred to as "Jinpu Garden" or "the Company") held its 31st meeting of the Fifth Board of Directors on April 20, 2026, and reviewed and approved the "Proposal on the Limit of External Guarantees." It was agreed that the company and its subsidiaries within the consolidated financial statements would provide mutual guarantees when applying for credit and loans from banks and other institutions, with a maximum guarantee amount of RMB 430 million. Among these, RMB 310 million is for subsidiaries with a debt-to-asset ratio not exceeding 70%, and RMB 120 million is for subsidiaries with a debt-to-asset ratio exceeding 70%. The scope of guarantees includes, but is not limited to, the principal and all interest calculated according to the main contract. The guarantee methods include, but are not limited to, guarantee, asset mortgage, pledge, etc. If a third-party institution provides a guarantee for the company and its subsidiaries within the consolidated financial statements when applying for credit and loans from banks and other institutions, the company and its subsidiaries within the consolidated financial statements can provide a counter-guarantee to the third-party institution on terms no less favorable than reciprocal terms. Within the above limit, the company can adjust the guarantee amounts between the company and its subsidiaries within the consolidated financial statements based on actual operating needs, without separate approval. However, when adjustments are made, they can only be made within the scope of subsidiaries with a debt-to-asset ratio above 70% and below 70% based on the latest audited figures. The authorization period for this external guarantee limit is from the date of approval by the company's 2025 Annual General Meeting of Shareholders to the date of the 2026 Annual General Meeting of Shareholders. For details, please refer to the "Announcement on the Limit of External Guarantees" (Announcement No.: 2026-042) disclosed by the company on Juchao Information Network (www.cninfo.com.cn) on April 22, 2026.
On April 2, 2025, the company held the 20th meeting of the Fifth Board of Directors and the 11th meeting of the Fifth Supervisory Board, which reviewed and approved the "Proposal on Providing Guarantees to Investee Companies of Wholly-Owned Subsidiaries and Related Party Transactions." It was agreed that the company would provide guarantees to the investee companies of its wholly-owned subsidiary, Jinpu Technology Industry Investment (Nanjing) Co., Ltd.