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.
1. 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 approved at the annual general meeting of shareholders on May 16, 2025, allowing the Company to provide guarantees for bank loans to subsidiaries within the consolidated financial statements, with a total guarantee limit not exceeding RMB 360 million. For specific details, 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).
2. Progress of the Guarantee
Recently, the Company signed a maximum guarantee contract numbered GT19260328410385 with Guangxi Beibu Gulf Bank Co., Ltd. Liuzhou Branch (hereinafter referred to as "Guangxi Beibu Gulf Bank" or "the Creditor"). The contract stipulates that the principal debt guaranteed by the Company is related to various financing activities conducted by its wholly-owned subsidiary, Feiwo New Energy Equipment (Liuzhou) Co., Ltd. (hereinafter referred to as "Feiwo Liuzhou"), from March 28, 2026, to March 28, 2027. The principal balance of the aforementioned debt during this period shall not exceed RMB 49 million (in words: Forty-nine million yuan). The maximum amount guaranteed under this contract includes the aforementioned principal balance, as well as interest (including interest, penalty interest, and compound interest), default penalties, damages, handling fees, and other expenses incurred for signing or performing this contract, and costs for realizing guarantee rights and claims (including but not limited to litigation fees, attorney fees, travel expenses), etc. The guarantee provided by the Company does not exceed the limits authorized by the Board of Directors and the shareholders' meeting and does not require further review by the Board of Directors or the shareholders' meeting.