Digital China Group Co., Ltd. Progress Announcement on Guarantee for Subsidiaries

MaticHoleFiller · 2026-03-27T09:46:09+00:00

Digital China Group Co., Ltd. announced the progress of recent guarantees provided for its subsidiaries. The company increased its guarantee limit for controlling subsidiaries to a total of 68 billion yuan and signed guarantee contracts with multiple financial institutions to ensure the smooth progress of subsidiary credit businesses. The current total external guarantee amount is 66.301 billion yuan, with no overdue guarantees.

MaticHoleFiller

2026-03-27 09:46:09

Abstract generation in progress

Stock code: 000034 Stock abbreviation: Digital China Announcement No.: 2026-016

A Progress Announcement on the Company Providing Guarantees for Its Subsidiaries issued by Digital China Group Co., Ltd.

The Company and all members of the board of directors warrant that the contents of this announcement are true, accurate, and complete, and contain no false statements, misleading representations, or material omissions.

Digital China Group Co., Ltd. (hereinafter referred to as the “Company”) at the 13th meeting of the 11th session of the board of directors held on March 27, 2025, and at the 2024 annual general meeting of shareholders held on April 22, 2025, approved the resolution “Regarding the Proposal on Expected Guarantee Credit Limits,” agreeing that the Company and its holding subsidiaries will apply to relevant counterparties in business (including but not limited to banks, financial institutions, and suppliers, etc.) for credit facilities or other performance obligations, and agreeing to provide guarantees for its subordinate holding subsidiaries or provide guarantees between holding subsidiaries. Among them, the guarantee credit limit for holding subsidiaries with an asset-liability ratio below 70% shall not exceed RMB 2.0 billion; the guarantee credit limit for holding subsidiaries with an asset-liability ratio of 70% or above shall not exceed RMB 63.0 billion. The total expected guarantee amount shall not exceed an equivalent of RMB 65.0 billion. The guarantee methods shall include guarantee by suretyship, mortgage guarantees, pledge guarantees, etc., and the guarantee balance at any point in time shall not exceed the limits approved by the general meeting of shareholders. Meanwhile, within the scope of these guarantee credit limits, guarantees provided between holding subsidiaries within the scope of the Company’s consolidated financial statements shall be determined in accordance with the subsidiaries’ deliberation procedures. After the holding subsidiaries fulfill their deliberation procedures, they shall promptly notify the Company to fulfill related information disclosure obligations. The Company’s 15th meeting of the 11th session of the board of directors held on May 20, 2025, and the 3rd extraordinary general meeting of shareholders held on June 6, 2025, approved the resolution “Regarding the Proposal on Increasing Guarantee Credit Limits and the Guarantee Counterparties,” which increased the guarantee credit limit for holding subsidiaries with an asset-liability ratio below 70% from RMB 2.0 billion to RMB 2.5 billion; increased the guarantee credit limit for holding subsidiaries with an asset-liability ratio of 70% or above from RMB 63.0 billion to RMB 65.5 billion; and increased the Company’s expected total guarantee amount from RMB 65.0 billion to RMB 68.0 billion. In addition, three subsidiaries were added among the guaranteed parties. The Company’s 20th meeting of the 11th session of the board of directors held on October 29, 2025, and the 6th extraordinary general meeting of shareholders held on November 24, 2025, approved the resolution “Regarding the Proposal on Adjusting Guarantee Credit Limits and Increasing the Guarantee Counterparties,” and, while keeping the expected total guarantee amount at RMB 68.0 billion unchanged, increased the guarantee credit limit for holding subsidiaries with an asset-liability ratio below 70% from RMB 2.5 billion to RMB 3.5 billion; reduced the guarantee credit limit for holding subsidiaries with an asset-liability ratio of 70% or above from RMB 65.5 billion to RMB 64.5 billion. In addition, two subsidiaries were added among the guaranteed parties. The Company’s 25th meeting of the 11th session of the board of directors held on December 21, 2025, and the 7th extraordinary general meeting of shareholders held on December 31, 2025, approved the resolution “Regarding the Proposal on Adding Guarantee Counterparties within the Company’s Guarantee Credit Limits,” and, within the total guarantee credit limit of RMB 68.0 billion, two additional subsidiaries were added among the guaranteed parties.

For the specific contents of the above matters, please refer to the “Announcement of the Resolutions of the 13th Meeting of the 11th Session of the Board of Directors” (Announcement No.: 2025-060) , the “Announcement on the Expected Guarantee Credit Limits” (Announcement No.: 2025-066) , the “Announcement of Resolutions of the 2024 Annual General Meeting of Shareholders” (Announcement No.: 2025-085) , the “Announcement of Resolutions of the 15th Meeting of the 11th Session of the Board of Directors” (Announcement No.: 2025-104) , the “Announcement on the Proposal on Increasing Guarantee Credit Limits and the Guarantee Counterparties” (Announcement No.: 2025-105) , the “Announcement of Resolutions of the 3rd Extraordinary General Meeting of Shareholders in 2025” (Announcement No.: 2025-116) , the “Announcement of Resolutions of the 20th Meeting of the 11th Session of the Board of Directors” (Announcement No.: 2025-161) , the “Announcement on the Proposal on Adjusting Guarantee Credit Limits and Increasing the Guarantee Counterparties” (Announcement No.: 2025-163) , the “Announcement of Resolutions of the 6th Extraordinary General Meeting of Shareholders in 2025” (Announcement No.: 2025-175) , the “Announcement of Resolutions of the 25th Meeting of the 11th Session of the Board of Directors” (Announcement No.: 2025-187) , the “Announcement on the Proposal on Adding Guarantee Counterparties within the Company’s Guarantee Credit Limits” (Announcement No.: 2025-188) , and the “Announcement of Resolutions of the 7th Extraordinary General Meeting of Shareholders in 2025” (Announcement No.: 2026-001) published by the Company on 《Securities Times》, 《Shanghai Securities News》 and the website of CNINFO (www.cninfo.com.cn). The related progress is hereby announced as follows:

I. Overview of the Guarantee Situation

Recently, the Company entered into a “Maximum Amount Guarantee Agreement” with Ping An Bank Co., Ltd. Beijing Branch and its subsidiary Beijing Digital China Co., Ltd. The guarantee amount is RMB 410 million. It provides joint and several liability guarantee. The guarantee period is three years from the date the term for fulfillment of the debt expires.

Recently, the Company entered into a “Guarantee Agreement” with Zhito Intelligent Technology (Suzhou) Co., Ltd. and its subsidiary Beijing Digital China Co., Ltd. The guarantee amount is RMB 50 million. It provides joint and several liability guarantee. The guarantee period is six months from the date the term for fulfillment of the debt expires.

Recently, the Company entered into a “Maximum Amount Guarantee Agreement” with China Minsheng Bank Co., Ltd. Shenzhen Branch and its subsidiary Digital China (Shenzhen) Co., Ltd. The guarantee amount is RMB 300 million. It provides joint and several liability guarantee. The guarantee period is three years from the date the term for fulfillment of the debt expires.

II. Basic Information of the Guaranteed Parties

Basic information of the guaranteed parties

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The guaranteed party’s principal audited financial data as of December 31, 2024 (Unit: RMB 10,000)

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The guaranteed party’s principal unaudited financial data as of September 30, 2025 (Unit: RMB 10,000)

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III. Principal Terms of the Guarantee Agreements

The specific situation is as follows:

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IV. Total Number of External Guarantees and Number of Guarantees with Overdue Payments

As of the date of this announcement, the total amount of external guarantees provided by the Company and its holding subsidiaries is RMB 66.301 billion. Of this, the amount of guarantees independently approved by the general meeting of shareholders is USD 0.521 billion (translated into RMB at the spot exchange rate is approximately RMB 3.605 billion). The Company and its holding subsidiaries have not provided guarantees to units outside the consolidated financial statements. The Company and its holding subsidiaries have no guarantees with overdue payments, and there are no guarantees involving lawsuits. The actual outstanding amount used for external guarantees is RMB 28.869 billion, accounting for 312.26% of the Company’s net assets audited for the most recent period. The total guarantee amount provided for holding subsidiaries with an asset-liability ratio below 70% is RMB 1.495 billion, and the actual outstanding amount used for the guarantees is RMB 0.033 billion. The total guarantee amount provided for holding subsidiaries with an asset-liability ratio of 70% or above is RMB 62.015 billion, and the actual outstanding amount used for the guarantees is RMB 28.836 billion.

Digital China Group Co., Ltd. Board of Directors

March 19, 2026

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