Yunhan Chip City (Shanghai) Internet Technology Co., Ltd. Announcement on the Progress of External Guarantees
The company and all members of the board guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder: The guaranteed party is Yunhan Electronics, a wholly-owned subsidiary of Yunhan Chip City (Shanghai) Internet Technology Co., Ltd. (hereinafter referred to as "the Company"). Its latest asset-liability ratio is 72.97%. After this guarantee is provided, the actual guarantee balance provided by the Company to Yunhan Electronics accounts for 61.44% of the Company's most recent audited net assets.
1. Overview of Guarantees
On April 13, 2026, the Company held the third meeting of the fourth board of directors and on May 15, 2026, held the 2025 annual shareholders' meeting, where the proposal on the estimated external guarantee limit for 2026 was approved. Based on the 2026 operational plan and funding needs, the board agreed to provide a total guarantee limit of no more than RMB 250 million (or equivalent foreign currency) for bank credit to its subsidiaries, including a guarantee limit of no more than RMB 200 million for its wholly-owned subsidiary, Yunhan Electronics. The above limit is valid for 12 months from the date of approval by the shareholders' meeting and can be used repeatedly within this period. For specific details, please refer to the announcement disclosed by the Company on April 15, 2026, on the Giant Tide Information Network (www.cninfo.com.cn) (Announcement No. 2026-017).
2. Progress of Guarantees
Recently, the Company signed a "Maximum Guarantee Contract" with Shanghai Pudong Development Bank Co., Ltd. Hongqiao Branch (hereinafter referred to as "Pudong Development Bank"), providing a joint liability guarantee for Yunhan Electronics' application for a working capital loan of up to RMB 20 million. The specific details of this guarantee are as follows: