Summary of Key Points Core Viewpoint The announcement details the progress of guarantees provided by Visionox Technology Co., Ltd. for its subsidiaries, highlighting significant financial commitments and the implications for the company's financial health and risk management. Group 1: Guarantee Overview - The company approved a total guarantee amount not exceeding RMB 22.62 billion for its subsidiaries during the 2025 fiscal year, effective for 12 months from the date of the shareholders' meeting [3][24]. - The total amount of guarantees provided by the company and its subsidiaries has exceeded 100% of the latest audited net assets, with specific guarantees exceeding 50% and 30% of net assets for different categories [2][41]. Group 2: Guarantee Progress - On January 19, 2026, the subsidiary Kunshan Guoxian Optoelectronics Co., Ltd. signed a loan agreement with the Export-Import Bank of China for RMB 200 million, with the company providing a joint liability guarantee [4][43]. - Following this guarantee, the total guarantee balance for Kunshan Guoxian increased to RMB 3.673 billion, with a remaining available guarantee amount of RMB 2.319 billion for the fiscal year 2025 [4][43]. Group 3: Subsidiary Information - Kunshan Guoxian Optoelectronics Co., Ltd. is a limited liability company with a registered capital of RMB 7.186 billion, established on November 19, 2012, focusing on the research, production, and sales of new flat panel display products [5][44]. - The company has not been rated for credit and is not listed as a dishonest executor [6][44]. Group 4: Loan Agreement Details - The loan agreement specifies that the funds must be used for the export of complete sets and high-tech products, with a loan term of 13 months [7][9]. - The guarantee provided by Visionox is a joint liability guarantee, ensuring that the company is responsible for the repayment of the loan if the subsidiary defaults [10][45]. Group 5: Board Opinions - The board believes that the guarantees for its subsidiaries are necessary for expanding financing channels and ensuring sustainable development, asserting that risks are manageable and do not harm the interests of shareholders [20][50]. - The total balance of external guarantees after this transaction is RMB 1.698 billion, representing 306.04% of the company's audited net assets for 2024, with no overdue guarantees reported [21][50].

Summary of Key Points Core Viewpoint - The company, Visionox Technology Co., Ltd., has provided guarantees for its subsidiaries, which has resulted in a significant increase in its total external guarantees exceeding its audited net assets. Group 1: Guarantee Overview - The company approved a total guarantee amount not exceeding RMB 22.62 billion for its subsidiaries during the 2025 fiscal year [3][21] - The guarantee period is effective for 12 months from the date of approval by the 2024 annual general meeting [3][21] Group 2: Guarantee Progress - On November 11, 2025, the company signed a maximum guarantee contract with Shanghai Bank for a maximum debt of RMB 300 million for its subsidiary, Kunshan Guoxian Optoelectronics Co., Ltd. [4][23] - Prior to this guarantee, the total guarantee balance for Guoxian Optoelectronics was RMB 3.186 billion, which increased to RMB 3.586 billion after this guarantee [4][23] Group 3: Basic Information of the Guaranteed Entity - Kunshan Guoxian Optoelectronics Co., Ltd. was established on November 19, 2012, with a registered capital of RMB 670.715 million [5][24] - The company specializes in the research, production, and sales of new flat panel display products and equipment [6][24] Group 4: Main Content of the Guarantee Contract - The guarantee covers various financial activities including loans, trade financing, and other credit services, with a maximum principal amount of RMB 100 million [26][30] - The guarantee period extends for three years after the debt repayment period [33][34] Group 5: Board of Directors' Opinion - The board believes that the risks associated with the guarantees are under effective control and do not harm the interests of shareholders, especially minority shareholders [15][35] - The guarantees are seen as beneficial for expanding financing channels for subsidiaries and ensuring stable development [16][36] Group 6: Cumulative External Guarantees - After the latest guarantee, the total external guarantees of the company and its subsidiaries amount to RMB 181.014536 billion, which is 326.19% of the company's audited net assets for 2024 [16][37] - There are no overdue guarantees or guarantees involved in litigation [16][37]