Group 1 - The company held its 12th temporary meeting of the 8th Board of Directors on December 29, 2025, with all 9 directors present, complying with relevant laws and regulations [2][22] - The Board approved a comprehensive credit limit application of 110 million RMB from the Industrial and Commercial Bank of China [3] - The Board also approved the continuation of guarantees for its wholly-owned subsidiary, Guangdong Yinuo Communications Co., Ltd., for credit limits of 50 million RMB and 150 million RMB from Guangdong Nanyue Bank and Bank of China, respectively [3][4] Group 2 - The company will provide a guarantee of 50 million RMB for financing lease business to Changjiang United Financial Leasing Co., Ltd. for a period of three years [4] - The total amount of guarantees provided by the company and its subsidiaries is 381,082 million RMB, with a balance of 263,599.50 million RMB, representing 227.01% and 159.11% of the company's audited net assets for 2024 [23]

Summary of Key Points Core Viewpoint - The company continues to provide joint liability guarantees for its subsidiaries, specifically for Dongguan Yuanlei Technology Co., Ltd. and Guangdong Yinuo Communications Co., Ltd., to support their business development and financing needs. Group 1: Guarantee Details - The company provides a guarantee of 20 million RMB for Dongguan Yuanlei's credit limit with Jiangxi Zhaochi Semiconductor Co., Ltd. and another 20 million RMB for a comprehensive credit limit with Dongguan Bank [2][4] - For Guangdong Yinuo Communications, the company guarantees 680 million RMB for a comprehensive credit limit with Dongguan Bank, secured by Yinuo's own land and factory [2][4] - The total amount of guarantees provided by the company and its subsidiaries is 3.733 billion RMB, which exceeds 225.35% of the company's latest audited net assets [11] Group 2: Internal Decision Process - The company's board of directors approved the guarantee proposals during the eighth temporary meeting on July 11, 2025, with unanimous support [3][11] - The guarantees align with the authorization granted at the third temporary shareholders' meeting held on December 4, 2024, which allowed the board to approve guarantees up to 7.755 billion RMB for the year 2025 [4][11] Group 3: Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to support the business operations of Dongguan Yuanlei and Yinuo Communications, which have significant daily operational funding needs [11] - Both subsidiaries are reported to have stable operations and the ability to repay debts, making the guarantees a strategic move for the company's overall interests [11]