[Temporary Announcement] Shenpeng Technology: Announcement on the company’s new bank credit line
Announcement number: 2026-199 Securities code: 874659 Securities abbreviation: Shenpeng Technology Sponsoring broker: Dongguan Securities
Guangdong Shenpeng Technology Co., Ltd.
Announcement on the company’s new bank credit line
The company and all members of the board of directors guarantee that the contents of the announcement are true, accurate and complete, and that there are no false records, misleading statements or major omissions, and are individually and jointly responsible for the authenticity, accuracy and completeness of the contents.
With legal responsibility.
1. The company plans to apply for a credit line from the bank:
In order to meet the capital needs for business development and daily operations of Guangdong Shenpeng Technology Co., Ltd. (hereinafter referred to as the "Company") and its subsidiaries (including controlled subsidiaries, the same below), 3 funds have been reviewed and approved by the 20th meeting of the company's first board of directors and the 2025 annual shareholders' meeting. On the basis of the bank credit line of RMB 100 million, the company and its subsidiaries plan to apply to several banks to increase the comprehensive credit line by no more than RMB 100 million. After the increase, the total comprehensive credit line will be RMB 400 million (the credit scope includes but is not limited to: working capital loans, project loans, issuance of bank acceptance bills, letters of credit, letters of guarantee, factoring, and Factoring financing, etc.), among which the company plans to apply to China Minsheng Bank Co., Ltd. for a comprehensive credit line with a total amount not exceeding RMB 30 million. If the company's controlled subsidiary Dongguan Shenhe Electric Co., Ltd. applies for financing within the comprehensive credit line, the company will serve as a joint debtor of the financing and jointly bear the repayment obligations. The above comprehensive credit limit is not equal to the company's financing amount. The actual financing amount should be within the comprehensive credit limit based on the actual financing amount between the company and the bank. The specific financing amount will be reasonably determined based on the company's actual capital needs.
For the above financing, the company's co-actual controllers Wang Shouyuan, Wang Huizhao, Cheng Zuyi, and Li Jinqiang will provide joint liability guarantees. This guarantee does not charge any guarantee fees from the company, and does not require the company to provide counter-guarantee. The specific guarantee amount, guarantee method, guarantee period, etc. shall be subject to the signed guarantee contract. The guarantee provided by the company's related parties for the company's loans is a free guarantee. It is a free support provided by the related parties to the company's business development, which is helpful to the company's production and operation. It does not harm the interests of the company and small and medium-sized shareholders, and is in the interests of the company and all shareholders.
In order to ensure the timeliness of the financing business procedures, the company's shareholders meeting is requested to authorize the company's operating management to handle the above-mentioned matters related to the comprehensive credit line application based on the actual operating conditions and to sign relevant agreements and documents within the bank's comprehensive credit limit. It is no longer necessary to submit to the shareholders' meeting for approval one by one. However, if it involves the mortgage or pledge of major assets or exceeds the expected comprehensive credit limit in actual processing, the company will perform according to relevant systems.
Announcement Number: 2026-199 Approval Procedure.
The above-mentioned application for comprehensive credit from the bank must be submitted to the company's shareholders' meeting for review and approval before implementation. The authorization period is 12 months from the date of review and approval by the shareholders' meeting. Within the authorization period, the credit limit can be used repeatedly.
2. Deliberation and voting
The "Proposal on the Company's New Bank Credit Line" was reviewed and approved at the 25th meeting of the company's first board of directors on September 15, 2026.
3. The necessity of applying for a credit line and its impact on the company
The credit line applied for this time is required for the company's normal business development and operation and management. Using bank credit financing to supplement working capital for its own development will help improve the company's financial status, have a positive impact on the company's daily operations, further promote the company's business development, and is in the interests of the company and all shareholders.
4. Documents for reference
"Resolution of the 25th Meeting of the First Board of Directors of Guangdong Shenpeng Technology Co., Ltd."
"Resolution of the Fifth Meeting of the First Audit Committee of Guangdong Shenpeng Technology Co., Ltd."
"Independent opinions of the independent directors of Guangdong Shenpeng Technology Co., Ltd. on matters related to the 25th meeting of the first board of directors"
Guangdong Shenpeng Technology Co., Ltd.
September 15, 2026