Guoxuan High-Tech boosts subsidiary financing with new guarantees

Guoxuan High-Tech Co., Ltd. announced the signing of multiple external guarantee contracts with financial institutions to secure financing for its subsidiaries. The total external guarantee amount for these recent agreements is 526,930,459 yuan. Notable guarantees include a maximum of 300,000,000 yuan for Hefei Guoxuan High-Tech Power Energy Co., Ltd. with China CITIC Bank Co., Ltd. Hefei Branch. Other guarantees include 85,000,000 yuan for Tangshan Guoxuan Battery Co., Ltd. and 40,000,000 yuan for Hefei Guoxuan High-Tech Power Energy Co., Ltd. with Nanyang Commercial Bank (China) Limited Hefei Branch.

These external guarantee matters fall within the 90,000,000,000 yuan total external guarantee limit approved by the company's Ninth Board of Directors Twelfth Meeting and the 2024 Annual General Meeting. Therefore, no additional board or shareholder approval is required. As of November 21, 2025, the company's total external guarantee amount, including that of its controlling subsidiaries, reached 81,872,806,300 yuan, with a guarantee balance of 51,565,499,400 yuan, representing 172.48% of the company's net assets as of the 2024 audited fiscal year.

The company's external guarantees for non-consolidated entities amounted to 57,888,000 yuan, with a balance of 41,184,000 yuan, accounting for 1.38% of the company's 2024 audited net assets. All guarantee matters have been processed in compliance with relevant laws and regulations, with no overdue guarantees, litigation, or adjudicated losses reported.