Overview - Shaanxi Jinye Science and Education Group Co., Ltd. approved a comprehensive credit limit of up to RMB 4 billion or equivalent foreign currency for the year 2025 during its board meeting and annual shareholders' meeting [2] - The company will provide guarantees for its subsidiaries, including joint liability guarantees, mortgages, and pledges [2] Financing Activities - Xi'an Mingde Polytechnic, a wholly-owned subsidiary, engaged in accounts receivable factoring with Ping An Dianchuang International Leasing Co., Ltd., financing RMB 100.5 million with a three-year term, backed by an irrevocable joint liability guarantee from the company [4][7] - Shaanxi Jinye Printing Co., Ltd. applied for a comprehensive credit limit of RMB 20 million from CITIC Bank Xi'an Branch, with a one-year term, also guaranteed by the company [8] - Additionally, Shaanxi Jinye Printing applied for a loan of RMB 10 million from Ping An Bank Xi'an Branch, with a one-year term, secured by a joint liability guarantee from the company [8] Financial Status of Subsidiaries - As of December 31, 2024, Xi'an Mingde Polytechnic had total assets of RMB 2.607 billion, total liabilities of RMB 2.017 billion, and net assets of RMB 589.9 million [6] - As of June 30, 2025, the same institution reported total assets of RMB 2.681 billion, total liabilities of RMB 2.058 billion, and net assets of RMB 622.3 million [6] - Shaanxi Jinye Printing reported total assets of RMB 571.9 million and net assets of RMB 237.1 million as of December 31, 2024 [8] Guarantee and Liability - The actual guarantee balance of the company and its subsidiaries was RMB 1.921 billion, accounting for 106.29% of the latest audited net assets [9] - The cumulative guarantee balance over the past 12 months was RMB 1.480 billion, representing 81.90% of the latest audited net assets [9] - There are no overdue guarantees or guarantees involved in litigation as of the announcement date [9]

Meeting Overview - The company held its third extraordinary general meeting of shareholders on August 29, 2025, combining on-site and online voting methods [1] - The meeting was convened by the board of directors and chaired by Chairman Liu Mingjun, complying with relevant regulations [1] Attendance and Voting Results - A total of 1,368 shareholders participated, representing 601,227,925 shares, which is approximately 33.2885% of the total voting shares [2] - Among them, 2 shareholders voted on-site, representing 30,513,691 shares (1.6895% of total voting shares), while 1,366 shareholders voted online, representing 570,714,234 shares (31.5990% of total voting shares) [2] Proposal Voting Outcomes - The following proposals were approved during the meeting: 1. **Proposal for Accounts Receivable Factoring Business**: Approved by 599,456,747 shares (99.7054% of valid votes) [2] 2. **Proposal for Non-Public Issuance of Corporate Bonds**: Approved by 599,240,141 shares (99.6694% of valid votes) [3][4] 3. **Proposal for Borrowing from Controlling Shareholder**: Approved by 70,618,775 shares (97.2775% of valid votes) [4] 4. **Proposal for Guarantee and Counter-Guarantee by Controlling Shareholder**: Approved by 70,383,925 shares (96.9540% of valid votes) [5] Legal Opinion - The legal opinion provided by Guohao Law Firm confirmed that the meeting's procedures, participant qualifications, and voting results complied with relevant laws and regulations, deeming the results valid [6]

Group 1 - The company plans to conduct accounts receivable factoring business to expand financing channels and accelerate liquidity turnover, proposing a maximum of 400 million RMB factoring business with Luzhou Bank Chengdu Branch, valid for 12 months from the date of shareholder meeting approval [1][2] - The factoring business aims to improve capital turnover and efficiency, aligning with the company's development strategy and overall interests, without harming the interests of shareholders, especially minority shareholders [2][3] - The board of directors requests authorization from the shareholders' meeting for the management to make specific operational decisions and sign relevant contracts within the 400 million RMB limit, effective for 12 months from the approval date [2][3]

Core Viewpoint - The company, Wuxi Autowei Technology Co., Ltd., has approved a plan to engage in accounts receivable factoring business with a total amount not exceeding RMB 800 million, which will enhance cash flow and improve asset-liability structure [1][2]. Summary by Sections Overview of Accounts Receivable Factoring Business - The company has received board approval to collaborate with financial institutions for accounts receivable factoring, with a total factoring amount not exceeding RMB 400 million initially, later adjusted to RMB 800 million [1][2]. Guarantee for Subsidiaries - The company will provide irrevocable joint liability guarantees for its subsidiaries involved in the factoring business, covering obligations such as repurchase amounts, financing repayments, interest, penalties, and other payable amounts [3][14]. Approval Process - The board meeting held on June 24, 2025, approved the factoring business and related guarantees, which do not constitute related party transactions or significant asset restructuring [4][11]. Business Impact - Engaging in accounts receivable factoring is expected to accelerate cash collection, reduce management costs, and support business expansion [5][14]. Financial Data of Subsidiaries - Financial data for subsidiaries as of March 31, 2025, shows varying asset and liability levels, indicating the financial health and operational scale of each subsidiary involved in the factoring business [6][9][12]. Total External Guarantees - The company has a total of RMB 1.203 billion in external guarantees, all provided to subsidiaries, representing 8.57% of total audited assets and 29.14% of net assets [15]. Board's Opinion - The board believes that the guarantees for subsidiaries align with the company's operational needs and strategic development, ensuring manageable risk levels [14][15]. Sponsor's Review - The sponsor has no objections to the company's accounts receivable factoring business and related guarantees, confirming compliance with relevant regulations [16].

Meeting Information - The annual shareholders' meeting of Guojin Automobile Co., Ltd. is scheduled for June 17, 2025 [1] - The meeting will utilize the Shanghai Stock Exchange's online voting system for shareholder participation [1] Voting Procedures - Shareholders can vote through both on-site and online methods, with specific time slots for online voting on the day of the meeting [2][3] - The voting rights for shareholders with multiple accounts will be aggregated across all accounts for the same class of shares [3][4] Agenda Items - The meeting will review several non-cumulative voting proposals, including: - Signing a financial services cooperation agreement with Guojin Financial Co., Ltd. [2] - Engaging in accounts receivable factoring business with Guojin Commercial Factoring Co., Ltd. [2] - The related party that must abstain from voting is China National Machinery Industry Group Co., Ltd. [2] Attendance Requirements - Shareholders registered by the close of trading on June 11, 2025, are eligible to attend the meeting [5] - Registration for attendance requires specific documentation depending on the type of shareholder (institutional or individual) [5] Registration Details - Registration will take place on June 12, 13, and 16, 2025, during specified hours [5] - The registration location is at the company's office in Haidian District, Beijing [5] Additional Information - The meeting will last half a day, and attendees are responsible for their own travel and accommodation [6]

Overview of Accounts Receivable Factoring Business - The company has approved a plan to engage in accounts receivable factoring with financial institutions, allowing for a total factoring amount not exceeding RMB 400 million or equivalent currency [1][2] - The factoring business will include both recourse and non-recourse options, with specific terms defined in individual contracts [2][3] - The board of directors has authorized the management to implement the factoring business and sign relevant contracts without requiring shareholder approval [1][2] Details of the Factoring Business - The factoring will involve accounts receivable generated from the company's daily operations and those of its subsidiaries [2] - The factoring period is set to be within 12 months from the board's approval, with each transaction's duration specified in the respective contracts [2] - The factoring fee rates will be determined through negotiation based on market conditions at the time of each transaction [2] Purpose and Impact on the Company - Engaging in accounts receivable factoring is expected to accelerate cash flow from receivables, reduce management costs associated with receivables, and improve the company's asset-liability structure [2][3] - This initiative is anticipated to facilitate business expansion for the company [2] Implementation of the Factoring Business - The board has delegated decision-making authority to the management for selecting qualified factoring institutions and determining specific factoring amounts [3] - The finance department will oversee the implementation and analysis of the factoring business, with a responsibility to report any adverse factors to the board [3] - The audit committee will have the authority to supervise and inspect the specifics of the factoring business [3]