Hongxin Electron-Tech guarantees subsidiary's bank financing

Xiamen Hongxin Electron-Tech Group Co., Ltd. announced on September 22, 2025, that it has provided new guarantees for its wholly-owned subsidiary, Suzhou Huayang Electronics Co., Ltd. The company acted as a guarantor for Huayang Electronics' financing from China Construction Bank Corporation Suzhou Xiangcheng Branch and Shanghai Pudong Development Bank Co., Ltd. Suzhou Branch.

The guarantees are in the form of joint and several liability. The company signed a "Maximum Amount Guarantee Contract" with China Construction Bank for RMB3,000.00万元 and another "Maximum Amount Guarantee Contract" with Shanghai Pudong Development Bank for RMB1,000.00万元. The guarantee scope includes principal, interest (including compound interest and penalty interest), liquidated damages, compensation, and other related fees.

As of the disclosure date, the company's total outstanding external guarantees, for which it bears liability, amount to RMB369,529.25万元. This figure represents 320.94% of the company's net assets as audited for the year 2024. The company confirmed that there are no overdue external guarantees or guarantees involved in litigation.