Hylink provides a counter-guarantee of 30 million yuan to its controlling shareholder and announces the progress of related party transactions

ST Hylink announced that to meet its operating capital needs, the company applied for a working capital loan of 100 million yuan from the Changsha Xingxiang Branch of China Construction Bank, with a term not exceeding one year. The controlling shareholder, Xiangjiang Group, provides joint liability guarantee. Recently, the company signed a counter-guarantee agreement with Xiangjiang Group, providing an equal amount of joint liability counter-guarantee and paying a guarantee fee of 0.5% per year. The amount of this guarantee is 30 million yuan, with an actual guarantee balance of 1,169.95 million yuan. As of the announcement date, the total external guarantees provided by the company and its controlling subsidiaries amount to 2,604.635 million yuan, accounting for 609.90% of the most recent audited net assets. This matter has been approved by the board of directors and the shareholders' meeting and is in line with the overall interests of the company