Guangdong Join-Share Financing Guarantee amends shareholder agreement, GD Re-Guarantee stake increases

On October 21, 2025, Guangdong Join-Share Financing Guarantee Investment Co., Ltd. announced a "Change of Shareholder Agreement" involving Foshan Hi-Tech, GD Yuecai, GD Re-Guarantee, and GD Join-Share Financing Guarantee. Under this agreement, GD Yuecai will transfer all its shares in GD Join-Share Financing Guarantee to GD Re-Guarantee, increasing GD Re-Guarantee's stake from 2.5% to 10% and GD Yuecai ceasing to be a shareholder. This transaction transfers GD Yuecai's rights in the original Shareholding Investment Cooperation Agreement to GD Re-Guarantee.

The agreement includes a "Put Option" allowing GD Re-Guarantee to sell its shares to the Company if performance assessment results for GD Join-Share Financing Guarantee fall below "distinction" for five consecutive years, with an exercise price of RMB40.56 million. Additionally, GD Re-Guarantee is entitled to a "Guaranteed Return" of RMB811,200 annually from GD Join-Share Financing Guarantee, which the Company will cover if there is a shortfall. In the event of liquidation, GD Re-Guarantee has a preference for its subscription amount of RMB40.56 million.

These transactions are classified as a discloseable and connected transaction under Chapter 14 of the Listing Rules, as applicable percentage ratios exceed 5% but are less than 25%. However, they are exempt from circular and shareholder approval requirements.