Guode Electric Material (Suzhou) Co., Ltd. Announcement No.: 2026-031
Announcement on Progress of Guarantees for Subsidiaries
The Company and the Board of Directors guarantee the content of this disclosure is true, accurate, and complete, and there are no false records, misleading statements or major omissions.
I. Overview of Guarantee Situation
Guode Electric Material (Suzhou) Co., Ltd. (hereinafter referred to as the "Company" or "Guode Electric Material") held its Fifth Board of Directors' Eighteenth Meeting on April 17, 2026, and its 2025 Annual Shareholders' Meeting on May 15, 2026. The proposal "Regarding the Company and its Subsidiaries Applying for Credit Lines from Financial Institutions and Providing Guarantees in 2026" was deliberated and approved. The Company agreed to provide a guarantee of no more than RMB 200 million for its wholly-owned subsidiary Gudemei New Energy Technology (Mexico) Co., Ltd. (hereinafter referred to as "Gudemei Mexico") to apply for a comprehensive credit line from a bank, and a guarantee of no more than RMB 300 million for its holding subsidiary Gudermade New Energy Material (Shandong) Co., Ltd. (hereinafter referred to as "Gudermade") to apply for a comprehensive credit line from a bank. For details, please refer to the "Announcement Regarding the Company and its Subsidiaries Applying for Credit Lines from Financial Institutions and Providing Guarantees in 2026" disclosed on the Juchao Information Network.
II. Progress of External Guarantee
Recently, the Company signed a "Maximum Amount Guarantee Contract" with CITIC Bank Co., Ltd. Suzhou Branch (hereinafter referred to as "CITIC Bank Suzhou Branch"), providing a joint and several liability guarantee of RMB 20 million for the loan applied by Gudemei Mexico from CITIC Bank Suzhou Branch.
Recently, the Company signed a "Principal Maximum Amount Guarantee Contract" with China Construction Bank Co., Ltd. Suzhou Yangtze River Delta Integration Demonstration Zone Branch (hereinafter referred to as "CCB Suzhou Yangtze River Delta Integration Demonstration Zone Branch"), providing a joint and several liability guarantee of RMB 20 million for the loan applied by Gudermade from CCB Suzhou Yangtze River Delta Integration Demonstration Zone Branch.
The guarantees provided by the Company for Gudemei Mexico and Gudermade this time are within the planned guarantee amount for 2026 and do not require submission to the Board of Directors or Shareholders' Meeting for deliberation. The details are as follows:
| Guarantor | Guaranteed Party | Shareholding Ratio | Latest Annualized Debt Ratio | Pre-loan Guarantee Amount | Post-loan Guarantee Amount | Guarantee Limit | Related Guarantee |
|---|---|---|---|---|---|---|---|
| Guode Electric Material (Suzhou) Co., Ltd. | Gudemei New Energy Technology (Mexico) Co., Ltd. | Directly held 85.00%; Indirectly held 15.00% | 44.22% | 0.00 | 2,000.00 | 2,000.00 | 18,000.00 |
| Guode Electric Material (Suzhou) Co., Ltd. | Gudermade New Energy Material (Shandong) Co., Ltd. | Directly held 83.35% | 14.57% | 2,160.95 | 2,000.00 | 4,160.95 | 28,000.00 |
| Total | 2,160.95 | 4,000.00 | 6,160.95 | 46,000.00 |
III. Basic Information of the Guaranteed Party
- Gudemei New Energy Technology (Mexico) Co., Ltd.