ETRON: Wholly-owned subsidiary plans to guarantee nearly 100 million yuan for the leasing of a factory for its Mexican subsidiary

On October 13, 2025, the seventh meeting of the fourth board of directors of ETRON reviewed and approved the proposal to provide guarantees for the lease contract of the factory of its wholly-owned subsidiary Yilubao International for its Mexican subsidiary ETRON - ELBS.DER.L.DEC.V, which still requires approval from the shareholders' meeting. The total guarantee liability amount does not exceed USD 13 million, and an additional standby letter of credit of USD 943,345.08 will be provided, totaling approximately CNY 99.0075 million. The Mexican subsidiary was established in July 2020, and from January to June 2025, the net asset was - CNY 16.1535 million. As of the announcement date, the company has accumulated a total external guarantee amount of CNY 12.0555 million, accounting for 0.79% of the most recent audited net assets, with no overdue guarantees. This guarantee is to meet the operational needs of the subsidiary, and the risk is controllable