Overview of Guarantees and Related Transactions
To meet the working capital needs of Shandong Haike New Source Material Technology Co., Ltd. (hereinafter referred to as "Haike New Source" or "the Company") and its subsidiaries within the consolidated financial statements for 2026, the Company plans to provide guarantees for financing applications to financial institutions, with an estimated guarantee amount not exceeding 5.3 billion RMB. The guarantee methods include but are not limited to guarantees, pledges, and mortgages. The guarantee period will be based on the actual signed guarantee agreements.
Within the total guarantee limit and authorization period, the Company may adjust the guarantee amounts for its subsidiaries included in the consolidated financial statements based on actual conditions and may allocate guarantee limits to newly included subsidiaries. The validity of the guarantees signed within the effective period will be recognized regardless of whether the guarantee period exceeds the expiration date.
To support the Company's operational development, the controlling shareholder, Shandong Haike Holdings Co., Ltd. (hereinafter referred to as "Haike Holdings"), and the enterprise controlled by actual controller Yang Xiaohong, Dongying Haike Ruilin Chemical Co., Ltd. (hereinafter referred to as "Haike Ruilin"), will provide guarantees within a limit of 2.4 billion RMB for the Company and its wholly-owned and controlling subsidiaries. The guarantee period will also be valid until the approval of the 2027 guarantee limit by the Company's authorized institution.
This guarantee will not incur any fees for the Company or the guaranteed parties, and no form of guarantee or counter-guarantee is required from the Company. The specific guarantee forms, scope, and periods will be determined according to the actual guarantee agreements signed with relevant financial institutions. This acceptance of guarantees constitutes a related party transaction but does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies" and does not require approval from relevant authorities.
Guarantee Amount Estimates for Wholly-Owned and Controlling Subsidiaries
Estimated Guarantee Amounts
The main guaranteed parties include the Company's wholly-owned subsidiaries Jiangsu Sipai New Energy Technology Co., Ltd. (hereinafter referred to as "Sipai New Energy"), Haike New Source Material Technology (Hubei) Co., Ltd. (hereinafter referred to as "Haike New Source (Hubei)"), Shandong Xinweiyuan New Materials Co., Ltd. (hereinafter referred to as "Xinweiyuan"), and the controlling subsidiary Hubei Xinyuan Haoke New Materials Co., Ltd. (hereinafter referred to as "Hubei Haoke"). The specific details are shown in the table below: