Hytera announces board reshuffle and substantial new credit guarantees

Hytera Communications announced a significant board re-election and new guarantee arrangements following its 22nd meeting of the Fifth Board of Directors on November 25, 2025. The Sixth Board will comprise nine directors: five non-independent directors, one employee representative director, and three independent directors. Proposed non-independent directors include Mr. Chen Qingzhou, Mr. Jiang Yelin, Mr. Sun Pengfei, Mr. Yu Ping, and Mr. Kang Jiliang. Ms. Xu Shan was elected as the employee representative director, while Mr. Zhang Xuebin, Mr. Li Qiang, and Mr. Wang Xingjun were nominated as independent directors. The board also approved revisions to the company's articles of association and various internal regulations, with certain changes requiring shareholder approval.

To address ongoing operational capital requirements, Hytera's subsidiaries, Shenzhen Nosart Technology Co., Ltd. and Shenzhen Hytera Technical Service Co., Ltd., will provide joint and several liability guarantees of up to 200 million yuan for the company's comprehensive credit line with China Minsheng Bank. Additionally, Hytera's controlled subsidiary, Hebi Tianhai Electronic Information System Co., Ltd., will provide a joint and several liability guarantee of up to 23 million yuan for the company's comprehensive credit line with Zheshang Bank, along with a mortgage guarantee of up to 210 million yuan using several property deeds.

The total cumulative guarantee amount provided by Hytera and its controlled subsidiaries, including approved and actual guarantee balances, will reach 2,814.2664 million yuan. The actual external guarantee balance for the company and its controlled subsidiaries totals 883.1402 million yuan, representing 37.00% of the company's most recently audited net assets. The company and its controlled subsidiaries have no overdue external guarantees, guarantees involved in litigation, or losses from judgment-defeated external guarantees.