河北华通线缆集团股份有限公司关于为控股子公司提供担保的进展公告

Core Viewpoint - The company, Hebei Huatong Cable Group Co., Ltd., has agreed to provide a guarantee of USD 20 million for its subsidiaries, Huatong International (Singapore), Huatong International, and Huatong Angola, under a sales agreement with Mercuria Energy Trading S.A. This guarantee is within the expected annual limit for business performance guarantees and does not require further board or shareholder approval [2]. Group 1: Guarantee Details - The guarantee is aimed at facilitating the subsidiaries' operational needs and is deemed necessary for their stable and long-term development [9]. - The total amount of guarantees provided by the company to its subsidiaries is CNY 3,081.4978 million, which accounts for 97.88% of the company's most recent audited net assets [12]. - There are no overdue guarantees associated with the company or its subsidiaries [12]. Group 2: Internal Decision-Making Process - The company held board and shareholder meetings on December 9 and December 25, 2025, respectively, to approve the increase of the guarantee limit for subsidiaries to no more than CNY 2.1 billion or its equivalent in foreign currency [4]. - The guarantee limit is valid for 12 months from the date of approval, and specific guarantee matters will not require individual board or shareholder review within this limit [4]. Group 3: Financial and Credit Status of Guaranteed Entities - The credit status of the guaranteed entities is reported to be good, with none classified as dishonest executors [5].