Regarding the Company and its Subsidiaries Applying for Credit Lines and the Company Providing Guarantees for Subsidiaries' Credit Lines
The company and the board of directors guarantee that the information disclosed is true, accurate, and complete, and there are no false records, misleading statements, or major omissions.
Shenzhen Jun Ding Da New Material Co., Ltd. (hereinafter referred to as the Company) held the twelfth meeting of the fourth board of directors on March 27, 2026, and reviewed and approved the "Proposal on the Company and its Subsidiaries Applying for Comprehensive Credit Lines from Banks and the Company Providing Guarantees for Subsidiaries' Comprehensive Credit Lines." The relevant situation is hereby announced as follows:
I. Proposed Credit Line and Guarantee for the Company and its Subsidiaries
To meet the Company's operational development needs, the Company and its domestic subsidiaries within the scope of consolidated financial statements (hereinafter referred to as domestic subsidiaries) plan to apply for a comprehensive credit line of up to RMB 600 million (or equivalent foreign currency) from banks and other financial institutions. This credit line will primarily be used for various credit business products such as loans, letters of credit, bank acceptance bills, guarantees, bill pools, construction project loans, bill discounts, and spot/forward/swap foreign exchange transactions or other derivative transactions, to meet certain financing and business development needs.
To meet the capital needs for the construction and subsequent operation of its subsidiaries and to ensure the smooth progress of projects, the Company's subsidiary Jecar Tech (Morocco) Co., Ltd. (hereinafter referred to as the Moroccan subsidiary or the guaranteed party) plans to apply for a comprehensive credit line of up to RMB 100 million (or equivalent foreign currency) from banks and other financial institutions. This credit line will primarily be used for credit business products such as working capital loans and fixed asset construction project loans to meet certain financing needs. Under this credit line, the Company and/or its subsidiary Jun Ding Da International Co., Ltd. (hereinafter referred to as Jun Ding Da International) plans to provide a guarantee of up to RMB 100 million (or equivalent foreign currency) for the Moroccan subsidiary. The validity period of the guarantee amount will be from the date of approval by the board of directors until the date when the competent authority of the Company reviews and approves the relevant proposal for the 2027 guarantee amount.