Hongxin Electron-Tech guarantees loans for subsidiaries

Xiamen Hongxin Electron-Tech Group Co., Ltd. has acted as a guarantor for its wholly-owned subsidiaries, Xiamen Honghan Optoelectronics Technology Co., Ltd. and Xiamen Hongxin Intelligent Technology Co., Ltd., to secure financing from the Xiamen branch of Industrial Bank Co., Ltd. The company signed a "Maximum Guarantee Contract" for each subsidiary, providing joint and several liability guarantees.

Under these agreements, Hongxin Electron-Tech has guaranteed an amount of CNY 6,500.00 for Honghan Optoelectronics and CNY 3,000.00 for Hongxin Intelligent. The guarantee scope covers all claims arising from various financial businesses, including loans, financing, and other guarantees. The guarantee period for each financing is three years from the maturity date of the debt. These guarantees follow a resolution passed at the company's first extraordinary general meeting in 2025 on March 12.

As of the disclosure date of this announcement, the company's total outstanding external guarantees, for which it bears responsibility, amount to CNY 365,529.25. This figure represents 317.47% of the company's audited net assets for the year 2024. The company confirmed that there are no overdue external guarantees or those involved in litigation.