Lianchuang Electronic's guarantees exceed 100% of net assets

As of the announcement date, Lianchuang Electronic Technology Co., Ltd. and its holding subsidiaries' total external guarantee amount reached RMB 1,118,000.00, representing 512.59% of the company's net assets as of December 31, 2024. The cumulative outstanding guarantee balance is RMB 801,860.16, which is 367.65% of the company's net assets from the same period. The company also disclosed providing guarantees for its holding subsidiaries with asset-liability ratios exceeding 70%, advising investors to pay close attention to the associated risks.

In September 2025, Lianchuang Electronic provided guarantees totaling RMB 50,300.00 for its subsidiaries within the scope of consolidated financial statements. This includes RMB 41,300.00 for entities with asset-liability ratios below 70%, and RMB 9,000.00 for those with ratios above 70%. The guarantees cover various financial activities such as bank credit, loans, and leasing, with terms generally extending for three years from the debt fulfillment deadline.

The company confirmed that there are currently no overdue external guarantees, guarantee amounts involved in litigation, or losses from adjudicated guarantees. These guarantees were approved by the board of directors on April 24, 2025, and by shareholders on May 16, 2025, to support the business development and operational funding needs of the company and its subsidiaries for 2025.