Shaoneng Group to guarantee loan for subsidiary

Guangdong Shaoneng Group (SZSE:000601) announced the resolutions passed at its Eleventh Board's Fifth Meeting, held on April 23, 2025. A key resolution involved the company's agreement to provide a guarantee for a loan application by its holding subsidiary, Shaoneng Group Shaoguan Hongda Gear Co., Ltd. Details of the guarantee were disclosed in a separate announcement published on the Juchao Information website and Securities Times. This measure requires shareholder approval, and to that end, the board resolved to convene a second extraordinary general meeting of shareholders on May 9, 2025, to vote on the matter. The meeting notice will be published on the Juchao Information website on April 24, 2025. All nine directors present voted in favor of both resolutions.