Announcement on the Estimated Comprehensive Credit Line and External Guarantee Limit Application for 2026
Shenzhen Zhonglun New Materials Co., Ltd. (hereinafter referred to as "the Company") held the 12th meeting of the second board of directors on April 10, 2026, and approved the proposal regarding the estimated application for a comprehensive credit line and external guarantee limit for 2026. This guarantee limit is subject to approval by the Company's first extraordinary shareholders' meeting in 2026. The relevant matters are announced as follows:
I. Overview of the Application for Comprehensive Credit Line and Guarantee
According to the operational development needs of the Company (including subsidiaries), it is estimated that in 2026, the Company will apply for a total comprehensive credit line of no more than RMB 7 billion from financial institutions, valid for 12 months from the date of approval by the shareholders' meeting, with the credit line being reusable within this period. Additionally, to ensure the smooth application for comprehensive credit lines or other operational matters with business-related parties (including but not limited to banks, financial institutions, and other business partners), the Company plans to provide a guarantee limit of approximately RMB 2.075 billion (or equivalent foreign currency) for its wholly-owned subsidiaries in 2026, which includes new guarantees, extensions or renewals of existing guarantees, and approved guarantees that are still valid. The Company and its wholly-owned subsidiaries plan to provide new guarantees of no more than RMB 1.5 billion (including this amount) in 2026, of which no more than RMB 1.2 billion (including this amount) can be allocated among subsidiaries with an asset-liability ratio of over 70% (including newly established wholly-owned subsidiaries). The guarantee situations include the Company providing guarantees for wholly-owned subsidiaries and wholly-owned subsidiaries providing guarantees for the Company within the consolidated financial statements; the guarantee methods include but are not limited to guarantees, mortgages, pledges, etc.; the estimated guarantee limit is valid for 12 months from the date of approval by the shareholders' meeting; the guarantee period will be determined based on the contracts signed with creditors. The specific situation is as follows: