301398SZSE

Announcement on Proposed Guarantee for Overseas Wholly-Owned Grandchild Company

✨ AI Summary

Ningbo Xingyuan Zhuomei Technology Co., Ltd. proposes to provide a guarantee for its wholly-owned grandchild company, Sinyuan ZM (Thailand) Co., Ltd., to secure a credit line of RMB 100 million for its production base construction. The board believes the risk is controllable and will not negatively impact the company.

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Full Translation

AI Translation· gemini_document

Securities Code: 301398 Convertible Bond Code: 123260 Securities Abbreviation: Xingyuan Zhuomei Convertible Bond Abbreviation: Zhuomei Convertible Bond Announcement No.: 2026-004 Ningbo Xingyuan Zhuomei Technology Co., Ltd. Announcement on Proposed Guarantee for Overseas Wholly-Owned Grandchild Company The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.

I. Overview of Guarantee Situation

Ningbo Xingyuan Zhuomei Technology Co., Ltd. (hereinafter referred to as the "Company") held its 17th meeting of the Third Board of Directors on November 26, 2025, and its Second Extraordinary General Meeting of Shareholders on December 12, 2025, respectively. Both meetings deliberated and approved the "Proposal on Applying for a Comprehensive Credit Line from Banks by the Company and its Wholly-Owned Subsidiaries." The Company agreed to apply for a comprehensive credit line from financial institutions with a total amount not exceeding RMB 450 million (or equivalent foreign currency), valid from December 12, 2025, to December 11, 2026. For details, please refer to the "Announcement on Applying for a Comprehensive Credit Line from Banks by the Company and its Wholly-Owned Subsidiaries" (Announcement No.: 2025-061) disclosed by the Company on the CNINFO website (http://www.cninfo.com.cn) on November 27, 2025.

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