Toyou Feiji Electronics provides guarantees for subsidiaries' business development

Beijing Toyou Feiji Technology Co., Ltd. has provided guarantees for its wholly-owned subsidiaries, Hunan Toyou Feiji Technology Co., Ltd. and Toyou Technology (Hong Kong) Co., Ltd., to support their business development and procurement needs. The company recently provided a maximum guarantee of RMB 2.5m as a joint and several liability for Hunan Toyou's procurement from Synergetic Electronic Co., Ltd. Additionally, a maximum guarantee of $500,000 was provided as a joint and several liability for Toyou Technology (Hong Kong)'s procurement from All-Science Technology (Hong Kong) Co., Limited. These guarantees fall within the scope of previously approved guarantee matters.

As of the disclosure date, the total guarantee amount provided by the company and its holding subsidiaries does not exceed RMB 418.24m (including $500,000), representing 39.28% of the company's most recently audited net assets. The total outstanding guarantee amount for the company and its holding subsidiaries is RMB 314.04m, accounting for 29.49% of the company's most recently audited net assets.

The company has no overdue guarantees, no guarantees involved in litigation, and no losses from adjudicated guarantee cases. These guarantees aim to secure credit support for the subsidiaries from upstream suppliers, consistent with the company's overall business plan.