301232SZSE

Progress Announcement on Providing Guarantee for Wholly-Owned Subsidiary

Feiwo Technology Co., Ltd.·

✨ AI Summary

Hunan Feiwo New Energy Technology Co., Ltd. has signed a maximum guarantee contract with Guangfa Bank for its wholly-owned subsidiary, Feiwo Youlian Industrial Technology Co., Ltd. The total guarantee amount does not exceed RMB 36 million. The contract covers various financing activities from February 10, 2026, to December 15, 2026, with a maximum principal balance of RMB 10 million.

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Full Translation

AI Translation· azure_openai

Hunan Feiwo New Energy Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

I. Overview of the Guarantee Situation

The Company held the 12th meeting of the 3rd Board of Directors and the 10th meeting of the 3rd Supervisory Board on April 23, 2025, to review and approve the proposal regarding the application for comprehensive bank credit and the expected guarantee limit for the Company and its subsidiaries for the year 2025. This proposal was also approved at the annual shareholders' meeting on May 16, 2025, allowing the Company to provide guarantees for bank loans of subsidiaries within the consolidated financial statements, with a total guarantee amount not exceeding RMB 360 million. For detailed information, please refer to the announcements disclosed by the Company on April 25, 2025, and May 16, 2025, on the Giant Tide Information Network (www.cninfo.com.cn).

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