Hanvon Technology provides joint liability guarantee for the 10 million yuan letter of credit of its subsidiary

On March 27 and May 21, 2025, Hanvon Technology was reviewed and approved by the board of directors and the shareholders' meeting, proposing to provide a comprehensive credit guarantee of no more than 300 million for its subsidiaries. Recently, its wholly-owned subsidiary Hanvon Guocui opened a domestic letter of credit of 10 million yuan at the Beijing branch of China Merchants Bank, for which Hanvon Technology provided joint liability guarantees. As of June 30, 2025, Hanvon Guocui's asset-liability ratio was 123.46%, with a net profit of 36.5941 million yuan in the first half of the year. Currently, Hanvon Technology has a guarantee balance of 33.0258 million yuan for subsidiaries with an asset-liability ratio below 70%, and after an additional 10 million yuan for subsidiaries above 70%, the guarantee balance is 64.9223 million yuan, totaling 97.9481 million yuan, accounting for 8.59% of the most recent audited net assets, with no overdue or litigated guarantees