Announcement on the Company's and Subsidiaries' Application for Credit Limits and Provision of Guarantees to Financial Institutions for 2026
The company and all members of the board guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Shenzhen Good Electric Materials Co., Ltd. (hereinafter referred to as "the Company" or "Good Electric Materials") held the 18th meeting of the 5th Board of Directors on April 17, 2026, to review and approve the proposal on the application for credit limits and provision of guarantees to financial institutions for 2026. This matter has been reviewed and approved by the Company's Audit Committee before submission to the Board. The Company's sponsor, Dongwu Securities Co., Ltd., issued a non-objection verification opinion on this matter, which still requires submission to the 2025 Annual General Meeting of Shareholders for approval. The relevant matters are announced as follows:
- Application for Comprehensive Credit Limits from Banks
Based on the development plans of the Company and its subsidiaries within the consolidated financial statements, as well as the funding needs for 2026, the Company intends to apply for a total comprehensive credit limit not exceeding RMB 1.5 billion (actual loan currencies include but are not limited to RMB, USD, EUR, etc.) from banks and other financial institutions to ensure the smooth operation of various businesses. The comprehensive credit includes but is not limited to construction project loans, acquisition loans, fixed asset loans, working capital loans, bank acceptance bills, import letters of credit, trade financing, discounting, guarantees, domestic letters of credit, financing leases, bill discounting, letter of credit forfaiting, foreign exchange derivatives, and other financing-related businesses. The credit limits and terms applied for by the Company and its subsidiaries will ultimately be subject to the actual approval by each financial institution. The credit limit does not equal the actual financing amount, which will be determined based on the Company's actual operational funding needs.
Under the above credit, the Company intends to provide guarantees for its subsidiaries within the consolidated financial statements when applying for comprehensive credit from banks and for daily operational needs. The guarantee methods include but are not limited to credit guarantees (including general guarantees, joint liability guarantees, etc.), mortgage guarantees, pledge guarantees, or a combination of various guarantee methods, with an estimated guarantee amount not exceeding RMB 800 million. The above limits are valid from the date of approval by the 2025 Annual General Meeting of Shareholders until the date of the 2026 Annual General Meeting of Shareholders, and the limits can be used in a revolving manner within the authorization period. The Board of Directors requests the shareholders' meeting to authorize the Chairman of the Company or their authorized personnel to sign legal documents within the above credit and guarantee limits, and to authorize the management to handle related matters. Within the approved total guarantee limit, the management may adjust the guarantee limits for each subsidiary (including newly established subsidiaries within the authorization period) based on actual operational conditions.
According to the regulations of the Shenzhen Stock Exchange's Growth Enterprise Market Listing Rules, this application for credit limits and provision of guarantees to financial institutions must be submitted to the shareholders' meeting for approval. The Company has not yet signed relevant credit and guarantee agreements with banks; the above credit and guarantee limits are only the amounts the Company intends to apply for, and the actual credit and guarantee amounts will be subject to the final signed contracts.
- Estimated Guarantee Limits
To meet the development needs of Good Electric Materials and its subsidiaries within the consolidated financial statements, reduce financial costs, and improve decision-making efficiency, the following arrangements are made for mutual guarantees when applying for comprehensive credit from banks for 2026: