Hunan YN New Energy Battery Materials Co., Ltd. (hereinafter referred to as "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.
The Company held the 20th meeting of the second board of directors on April 21, 2026, and approved the proposal regarding the estimated guarantee limit for 2026. The specific content is announced as follows:
1. Overview of Guarantees
To meet the needs of the Company's business development, the Company intends to provide guarantees for its subsidiaries within the consolidated financial statements to apply for credit from banks and other financial and non-financial institutions in 2026. The proposed new guarantee limit will not exceed RMB 450 million. The methods of guarantee include but are not limited to guarantees, mortgages, and pledges, with the guarantee period determined by the final signed contracts. The estimated guarantee limits are as follows:
| Guarantor | Guaranteed Party | Guarantor's Shareholding Ratio | Guaranteed Party's Latest Asset-Liability Ratio | Guarantee Balance as of March 31, 2026 | New Guarantee Limit | Guarantee Limit as a Percentage of the Latest Net Assets of the Listed Company | Related Party Guarantee |
|---|---|---|---|---|---|---|---|
| Yunnan YN | 100% | 71.52% | 93,326.18 | 150,000 | 11.64% | No | |
| Guizhou YN | 100% | 78.46% | 44,672.33 | 150,000 | 11.64% | No | |
| YN (Singapore) Investment Co. | 100% | 0.01% | 0.00 | 150,000 | 11.64% | No | |
| YN (Spain) Co. | 100% | 53.50% | 0.00 | No |
Note 1: The latest period mentioned above is December 31, 2025.