Securities code: 603786 Securities abbreviation: Keboda Announcement No.: 2026-010
Keboda Technology Co., Ltd.
Regarding the provision of guarantees for holding subsidiaries
Progress Announcement
The company's board of directors and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and assume legal responsibility for the authenticity, accuracy and completeness of its contents.
Important content reminder:
Guaranteed objects and basic information
Cumulative guarantee status
1. Overview of Guarantee
(1) Basic information on guarantee
On March 25, 2026, Keboda Technology Co., Ltd. and China Merchants Bank Co., Ltd. Chongqing Branch (hereinafter referred to as "CMBC Chongqing Branch") signed the "Maximum Irrevocable Guarantee", assuming joint and several liability for 80% of all debts under the "Credit Agreement" signed between Keboda Chongqing Intelligent Control and China Merchants Bank Chongqing Branch (providing a credit line in total not exceeding 30 million yuan). There is no counter-guarantee for this guarantee, and Keboda Chongqing Intelligent Control is a holding subsidiary of the company.
(2) Internal decision-making procedures
The company held the 14th meeting of the third board of directors and the 13th meeting of the third board of supervisors on April 23, 2025, and held the 2024 annual shareholders' meeting on May 16, 2025. The company reviewed and approved the "Proposal on Applying for Comprehensive Credit Lines and Related Guarantee Matters from Banks" and agreed that the company is 4 companies: Zhejiang Keboda Industrial Co., Ltd., Keboda (Jiaxing) Automotive Electronics Co., Ltd., Keboda (Anhui) Automotive Electronics Co., Ltd., and Keboda Chongqing Intelligent Control provide a total guarantee amount of no more than 2,500,000 yuan (including guarantees provided by the company for subsidiaries and between subsidiaries), of which the guarantee amount of Keboda Chongqing Intelligent Control does not exceed 50 million yuan. The above guarantee is valid from the date of review and approval by the company's 2024 annual shareholders' meeting to the date of the 2025 annual shareholders' meeting. The company and its subsidiaries will sign specific guarantee agreements on a single basis or one by one based on the actual operating conditions. The guarantee methods are pledge guarantee, mortgage guarantee and guarantee guarantee.
For details, please refer to the "Announcement on Keboda Technology Co., Ltd.'s Application for a Comprehensive Credit Line and Related Guarantee Matters from the Bank" disclosed by the company on April 25, 2025 (Announcement No.: 2025-016) and the "Announcement on the Resolution of the 2024 Annual General Meeting of Shareholders of Keboda Technology Co., Ltd." disclosed on May 17, 2025 (Announcement No.: 2025-022).
The amount of the guarantee provided by the company to Keboda Chongqing Intelligent Control is within the above authorized range, and the company does not need to convene separate board of directors and shareholders' meetings for review. The financial status and asset-liability ratio of the guaranteed objects have not changed significantly.
2. Basic information of the guaranteed person
3. Main contents of the guarantee agreement
Guarantor: Keboda Technology Co., Ltd.
Creditor: China Merchants Bank Co., Ltd. Chongqing Branch
Credit Applicant: Keboda (Chongqing) Intelligent Control Technology Co., Ltd.
1. Guarantee amount: maximum principal limit of RMB 24 million
2. Guarantee method: joint liability guarantee
3. Guarantee scope: 80% of the sum of the principal balance of loans and other credit granted to the credit applicant within the credit limit according to the Credit Agreement (the maximum principal limit is RMB 24 million), and 80% of relevant interest, penalty interest, compound interest, liquidated damages, delayed performance fees, factoring fees, fees for realizing security rights and claims, and other related expenses.
4. Guarantee liability period:
From the effective date of this Guarantee to the maturity date of each loan or other financing or account receivable claim assigned by the bank under the Credit Agreement or the advance date of each advance, three years will be added. If any specific credit extension is extended, the guaranteed period will extend until the expiration of the extension period plus three years.
4. Necessity and Reasonability of Guarantee
This guarantee is mainly to meet the capital needs of the company's holding subsidiary Keboda Chongqing Intelligent Control for production operations and business development, and is conducive to improving the company's overall financing efficiency. As of September 30, 2025, Keboda Chongqing Intelligent Control's asset-liability ratio exceeds 70%. As a holding subsidiary with 80% of the company's shares, the company has sufficient control over its operations, management, finance and other aspects, and the risks are within a controllable range, which is in line with the company's overall interests.
5. Opinions of the Board of Directors
The above guarantee has been reviewed and approved by the company at the 14th meeting of the third board of directors and the 13th meeting of the third board of supervisors on April 23, 2025, and at the 2024 annual general meeting of shareholders on May 16, 2025. The guarantee amount does not exceed the guarantee limit.
Keboda Chongqing Intelligent Control applied for a credit line from the bank and the company provided guarantee for its credit in order to meet the capital needs of the enterprise's development and facilitate the company's production and operation; the company's guarantee for Keboda Chongqing Intelligent Control complied with the relevant laws and regulations such as the "Company Law", "Shanghai Stock Exchange Stock Listing Rules" and the "Articles of Association", and agreed to this guarantee.
6. Cumulative number of external guarantees and number of overdue guarantees
As of the date of the announcement, the total external guarantees provided by the company and its holding subsidiaries were RMB 1.63 billion, accounting for 31.10% of the company's latest audited net assets. They were all guarantees provided by the company (including its holding subsidiaries) to its holding subsidiaries, and there were no overdue guarantees.
Announcement is hereby made.
Board of Directors of Keboda Technology Co., Ltd.
March 26, 2026
Securities code: 603786 Securities abbreviation: Keboda Announcement No.: 2026-011
Keboda Technology Co., Ltd.
Announcement on the progress of capital increase of wholly-owned subsidiaries
The company's board of directors and all directors guarantee that there are no false records, misleading statements or major omissions in this announcement, and bear individual and joint liability for the authenticity, accuracy and completeness of its contents.
1. Overview of foreign investment
Based on the actual operating needs of its wholly-owned subsidiary KEBODA Deutschland GmbH & Co. KG, KEBODA Technology Co., Ltd. (hereinafter referred to as the "Company") plans to use its own funds to increase its capital by 21.2 million euros. After the capital increase is completed, KEBODA Deutschland GmbH & Co. KG will have a registered capital of 51.275 million euros and will remain a wholly-owned subsidiary of the company.
On December 12, 2025, the 23rd meeting of the company's third board of directors reviewed and approved the "Proposal on Increasing Capital for Wholly-Owned Subsidiaries". According to the relevant provisions of the company's articles of association, the above matters are within the scope of the board of directors' approval authority and do not need to be submitted to the company's shareholders' meeting for review. The board of directors authorizes the company's management to handle matters related to the capital increase. This capital increase does not involve related transactions and does not constitute a major asset reorganization.
For details of the above matters, please refer to the "Announcement of Keboda Technology Co., Ltd. on the Capital Increase in Wholly-Owned Subsidiaries" disclosed by the company on December 13, 2025 (Announcement No.: 2025-087).
2. Progress of capital increase
Recently, Koboda GmbH & Co. KG has completed the relevant procedures for capital increase registration and obtained the capital increase registration certificate issued by the Commercial Registration Office of Ulm District Court. The relevant registration information is as follows:
1. Company name: KEBODA Deutschland GmbH & Co. KG
2. Date of establishment: July 23, 2014
3. Company type: limited liability company
4. Registered address: Magirus-Deutz-Strasse 9, Ulm, Germany 89077
5. Registered capital: 51,275,000.00 euros
6. Registration number: HRA724089
7. Business scope: trading and consulting business in all fields (especially automotive electronics products), as well as import and export business of various technical products.
Announcement is hereby made.
Board of Directors of Keboda Technology Co., Ltd.
March 26, 2026
