Zhejiang Taotao Vehicle Co., Ltd. (hereinafter referred to as "the Company" or "Taotao Vehicle") held the 13th meeting of the 4th Board of Directors on March 30, 2026, where it reviewed and approved the proposal regarding the estimated guarantee amount for its wholly-owned subsidiaries. According to the relevant regulations, this guarantee matter does not require submission to the shareholders' meeting for approval. The specific details are announced as follows:
1. Overview of the Guarantee
To meet the funding needs for production operations and project construction of its wholly-owned subsidiaries, the Company will provide guarantees totaling no more than RMB 115 million. The specific guarantee amounts are as follows:
- Guarantee for DENAGO EV CORPORATION (hereinafter referred to as "DENAGO EV") not exceeding RMB 50 million;
- Guarantee for Golabs Inc. (hereinafter referred to as "Golabs") not exceeding RMB 45 million;
- Guarantee for TRAILBLAZER VEHICLES (THAILAND) CO., LTD. (hereinafter referred to as "Trailblazer Thailand") not exceeding RMB 20 million.
The forms of guarantees include but are not limited to credit guarantees (including general guarantees, joint liability guarantees, etc.), mortgage guarantees, pledge guarantees, financing lease guarantees, performance bonds, and other forms. To ensure that related business can be processed in a timely manner, the board of directors authorizes the management to approve specific guarantee matters within the above guarantee limits (including but not limited to signing contracts and legal documents related to the guarantee matters, and making appropriate adjustments to the guarantee amounts among the guaranteed parties within the total external guarantee limit). The authorization for this guarantee amount is valid for 12 months from the date of approval at the 13th meeting of the 4th Board of Directors.