The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
1. Overview of the Guarantee Situation
Kunshan Yaxiang Flavor Co., Ltd. (hereinafter referred to as "the Company") held its sixth meeting of the fourth board of directors on April 27, 2026, and the annual shareholders' meeting on May 20, 2026, where the proposal regarding the expected guarantee limit for its subsidiaries was approved. To meet the daily operational needs of its subsidiaries within the consolidated financial statements, the Company plans to provide guarantees for bank financing applications (including but not limited to RMB or foreign currency working capital loans, project loans, acceptance bills, letters of credit, guarantees, bill discounts, factoring, export financing, and foreign exchange forward transactions) and daily operational needs (including but not limited to performance guarantees and product quality guarantees), with an expected guarantee limit not exceeding RMB 400 million. The forms of guarantees include but are not limited to credit guarantees (including general guarantees, joint liability guarantees, etc.), mortgage guarantees, pledge guarantees, or a combination of various guarantee methods. The authorization period for this guarantee is effective from the date of approval by the annual shareholders' meeting in 2025 until the date of the annual shareholders' meeting in 2026. Within the approved total guarantee limit, the Company's management may adjust the guarantee limits for each subsidiary (including newly established subsidiaries or those included in the consolidated scope during the authorization period) based on actual operational conditions, with the actual guarantee amount subject to the final signed guarantee contract.