Hongban Technology announced that the company signed an irrevocable guarantee letter with China Merchants Bank Nanchang Branch to provide joint and several liability guarantees for loans totaling 170 million yuan to its wholly-owned subsidiary Jiangxi Hongsen Technology Co., Ltd. The guarantee amounts are 150 million yuan and 20 million yuan respectively, and there is no counter-guarantee for this guarantee. The matter has been approved by the 12th meeting of the company's second board of directors and the first extraordinary shareholders' meeting of 2026. As of the disclosure date of the announcement, the company's outstanding guarantee balance for controlled subsidiaries is 460 million yuan, accounting for 19.84% of the company's latest audited net assets. The company and its subsidiaries have no overdue guarantees.
Jiangxi Redboard Tech Co LtdCompany provides guarantee for subsidiary loans, increasing contingent liability but within approved limits.
Xinjiang International Industry Co LtdSubsidiary receives loans guaranteed by parent, supporting its financing.
