Securities code: 002326 Securities abbreviation: Yongtai Technology Announcement Number: 2026-009
Zhejiang Yongtai Technology Co., Ltd.
Announcement on the progress of providing guarantees for subsidiaries
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and contains no false records, misleading statements or major omissions.
1. Overview of Guarantee
Zhejiang Yongtai Technology Co., Ltd. (hereinafter referred to as the "Company") was reviewed and approved at the 2024 Annual General Meeting of Shareholders held on May 19, 2025, and agreed that the company would provide some subsidiaries included in the consolidated statements with a cumulative total of no more than RMB 4.30 million. This guarantee line can be recycled, that is, it provides joint liability guarantee for its financing from various domestic banks and other institutions (including but not limited to RMB/foreign currency loans, bank acceptances, letter of credit issuance, import and export bills, packaged loans, bank guarantees, financial leases, etc.). Among them, the guarantee amount provided to some subsidiaries with an asset-liability ratio of less than 70% does not exceed 200,000 yuan, and the guarantee amount provided to some subsidiaries with an asset-liability ratio of more than 70% does not exceed 2.300 million yuan. The guarantee limit can be adjusted between subsidiaries, but when the adjustment occurs, the guarantee object with an asset-liability ratio exceeding 70% can only obtain the guarantee limit from the guarantee object with an asset-liability ratio exceeding 70%. Guarantee methods include but are not limited to guarantee, mortgage, and pledge. The specific guarantee amount and guarantee period shall be implemented according to the specific contract. It also authorizes the chairman of the company to sign full legal documents such as guarantee agreements and handle other related matters on behalf of the company within the quota. For details, please refer to the "Announcement on Providing Guarantee Lines for Subsidiaries" (announcement number: 2025-033) disclosed by the company in Securities Times, China Securities Journal, Shanghai Securities News, Securities Daily and cninfo.com (http://www.cninfo.com.cn) on April 28, 2025.
2. Progress of guarantee
In order to meet the operating needs of the subsidiary, the company provided guarantee for the credit of RMB 117 million in principal of its holding subsidiary Shaowu Yongtai High-tech Materials Co., Ltd. (hereinafter referred to as "Yongtai High-tech"). The above guarantee matters do not involve related transactions, and there is no counter-guarantee. Within the scope of the guarantee limit approved by the company's shareholders' meeting, the specific use of the guarantee limit is as follows:
Unit: 10,000 yuan
3. Main contents of this guarantee agreement
Guaranteed party: Shaowu Yongtai High-tech Materials Co., Ltd.
Guarantor: Zhejiang Yongtai Technology Co., Ltd.
Guaranteed principal: 117 million yuan
Guarantee method: joint liability guarantee
Guarantee period: Calculated separately based on each financing provided by the creditor to the debtor under the main contract. For each financing, the guarantee period is three years from the expiration date of the debt performance period under the financing. If the financing specified in a single main contract expires in batches, the guarantee period of each batch of debt is three years from the expiration date of each batch of financing performance period. If the main creditor's rights are repaid in installments, the guarantee period for each creditor's right is also calculated in installments, and the guarantee period is three years from the maturity date of each creditor's right.
Scope of guarantee: The claims guaranteed by this contract are all claims against the debtor resulting from the creditor providing various loans, financing, guarantees and other on- and off-balance sheet financial services to the debtor in accordance with the main contract, including but not limited to the principal of the claim, interest (including penalty interest, compound interest), liquidated damages, damages, and the creditor's expenses for realizing the claim.
The specific situation shall be subject to the agreement in the signed guarantee agreement or guarantee document.
4. Opinions of the Board of Directors
The board of directors believes that the financial risks of the guarantee provided this time are within the company's controllable range. The company has the ability to control its operation and management risks. The guarantee for the subsidiaries will not affect the company's normal operations. The financing of the subsidiaries is needed for daily operations and meets the needs of the company's overall development strategy. The guarantee provided by the company to the subsidiary complies with relevant regulations, the decision-making process is legal and effective, and will not harm the interests of the company and small and medium-sized shareholders.
Yongtai High-tech is a holding subsidiary within the scope of the company's consolidated statements. Although other shareholders have not provided guarantees of the same proportion and the guaranteed party has not provided counter-guarantees, the company has absolute control over it and the guarantee risks are within the company's controllable range and will not harm the interests of the company and the interests of small and medium-sized shareholders.
5. Cumulative number of external guarantees and number of overdue guarantees
As of the date of this announcement, as part of the guarantees for subsidiaries have expired, the company and its holding subsidiaries have a cumulative guarantee balance of RMB 3,461.615 million, accounting for 129.59% of the company's latest audited net assets. The company and its holding subsidiaries do not provide guarantees to units outside the scope of consolidated statements, nor do they have overdue guarantees, guarantees involving litigation, or have they been judged and lost due to guarantees.
Announcement is hereby made.
Zhejiang Yongtai Technology Co., Ltd.
Board of Directors
February 13, 2026
