Xinhongye: Announcement on the progress of providing guarantees for wholly-owned subsidiaries
Securities code: 301310 Securities abbreviation: Xin Hongye Announcement number: 2026-057
Wuxi Xinhongye Cable Technology Co., Ltd.
Announcement on the progress of providing guarantees for wholly-owned subsidiaries
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and that there are no false records, misleading statements or major omissions.
1. Overview of guarantee situation
Wuxi Xinhongye Cable Technology Co., Ltd. (hereinafter referred to as the "Company") held the third meeting of the third board of directors on April 16, 2026 and the 2025 annual shareholders' meeting on May 7, 2026 to review and approve the "About 2026" "Proposal on the Annual Estimated Guarantee Amount", the company provides joint liability guarantee for its wholly-owned subsidiary Xinhongye Technology (Hunan) Co., Ltd. (hereinafter referred to as "Xinhongye Technology") and Jiangsu Huaguang Cable and Electrical Co., Ltd. to apply for credit lines from banks. The total guarantee limit does not exceed RMB 500 million, of which the estimated guarantee limit for subsidiaries with an asset-liability ratio of less than 70% is 30,000.00 Ten thousand yuan, the estimated amount of guarantee provided for subsidiaries with an asset-liability ratio higher than 70% is RMB 200 million. The above guarantee lines can be adjusted among the company's holding subsidiaries according to actual conditions. The guarantee lines between subsidiaries with an asset-liability ratio higher than 70% can be adjusted, and the guarantee lines between subsidiaries with an asset-liability ratio lower than 70% can be adjusted. The guarantee limit is valid for 12 months from the date of review and approval at the 2025 annual shareholders' meeting. For details, please refer to the "Announcement on the Estimated Guarantee Amount in 2026" disclosed by the company on the cninfo.com (www.cninfo.com.cn) on April 17, 2026 (announcement number: 2026-014).
2. Guarantee progress
Recently, the company signed the "Maximum Guarantee Contract" with Zhuzhou Branch of China Construction Bank Co., Ltd. (hereinafter referred to as "Construction Bank" or "creditor"). The company provides a joint liability guarantee with a principal limit of no more than RMB 46 million for the continuous debts of its wholly-owned subsidiary Xinhongye Technology within a certain period.
The above guarantees fall within the scope of guarantee matters that have been reviewed and approved, and the guarantee amount is within the scope of the guarantee provided by the company to the above-mentioned subsidiaries, and there is no need to submit it again to the company's board of directors and shareholders' meeting for review.
3. Basic information of the guaranteed person
Name: Xinhongye Technology (Hunan) Co., Ltd.
Unified social credit code: 91430211MA7J59AX2L
Legal representative: Zhao Shupeng
Registered capital: 150 million yuan
Company type: limited liability company
Date of establishment: March 14, 2022
Residence: Factory Building No. 1, No. 66, Xinma East Road, Yuetang Community, Liyu Street, Tianyuan District, Zhuzhou City, Hunan Province
Business scope: General projects: R&D of auto parts; technical services, technology development, technical consultation, technology exchange, technology transfer, technology promotion; software development; sales of new energy vehicle electrical accessories; auto parts and accessories manufacturing; auto parts wholesale; mechanical parts and parts processing; mechanical parts and parts sales; technology import and export; goods import and export; non- Residential real estate leasing; housing leasing (except for projects that are subject to approval according to law, business activities can be carried out independently with a business license in accordance with the law) Licensed projects: wire and cable manufacturing; urban distribution and transportation services (excluding dangerous goods) (projects that are subject to approval according to law can only be carried out with the approval of the relevant departments. Specific business projects are subject to the approval documents or licenses of the relevant departments)
Main financial data of Xinhongye Technology:
Unit: RMB December 31, 2025 June 30, 2026 Project
(Audited) (Unaudited) Total assets 342,898,411.40 479,426,412.99 Total liabilities 90,065,097.16 224,342,447.79 Total bank loans - 30,020,472.23 Total current liabilities 90,065,097.16 224,342,447.79 Net assets 252,833,314.24 255,083,965.20 Items 2025 (audited) 2026 January-June (unaudited) operating income 213,144,260.94 262,134,814.59 Total profit -5,608,331.31 3,010,582.53
4. Main contents of the guarantee agreement
Creditor/Party A: China Construction Bank Co., Ltd. Zhuzhou Branch
Guarantor/Party B: Wuxi Xinhongye Cable Technology Co., Ltd.
Guarantee/Debtor: Xinhongye Technology (Hunan) Co., Ltd.
Scope of guarantee: The guarantee scope of this maximum guarantee covers all debts under the main contract, including but not limited to all principal, interest (including compound interest and penalty interest), liquidated damages, compensation, debt interest that should be doubled during the delay in performance of effective legal documents such as judgments or mediation documents, and other payments that the debtor should pay to Party B (including but Not limited to relevant handling fees, telecommunications fees, miscellaneous fees, relevant bank fees that the beneficiary under the letter of credit refuses to bear, etc.) advanced by Party B, fees incurred by Party B to realize its creditor's rights and security rights (including but not limited to litigation fees, arbitration fees, property preservation fees, execution fees, appraisal fees, auction fees, notary fees, delivery fees, announcement fees, attorney fees, etc.).
Guarantee period: The guarantee period under this contract is calculated separately based on the single credit business handled by Party B for the debtor, that is, from the date of signing of the main contract for the single credit business to three years after the expiration of the debtor's debt performance period under the main contract. The guarantee period when Party B and the debtor reach an extension agreement on the debt performance period under the main contract shall end three years after the expiration of the debt performance period re-agreed in the extension agreement. Extension does not require the consent of the guarantor, and the guarantor still has to bear joint and several liability. If an event occurs as stipulated in laws and regulations or as agreed in the main contract, and Party B declares that the debt will mature early, the guarantee period will end three years after the date of the early maturity of the debt.
Guarantee method: joint liability guarantee
5. Cumulative number of external guarantees and number of overdue guarantees
As of the disclosure date of this announcement, the total guarantee amount of the company and its holding subsidiaries is RMB 500 million, accounting for 21.46% of the company's latest audited net assets; the actual external guarantee balance of the company and its holding subsidiaries is RMB 276 million, accounting for 11.84% of the company's latest audited net assets. The company and its wholly-owned subsidiaries do not provide guarantees to units outside the scope of consolidated statements; there are no guarantees involving overdue debts, litigation, or guarantees that should be borne due to a judgment against the guarantee.
6. Documents for reference
- The "Maximum Guarantee Contract" signed between the company and China Construction Bank Co., Ltd. Zhuzhou Branch. Announcement is hereby made.
Board of Directors of Wuxi Xinhongye Cable Technology Co., Ltd.
September 8, 2026