Jinlongyu Group Co., Ltd. Announcement on the Progress of the Company's External Guarantees

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Stock code: 002882 Stock abbreviation: Jinlongyu Announcement No.: 2026-011

Jinlongyu Group Co., Ltd.

Announcement on the Progress of the Company’s External Guarantees

The Company and all members of the Board of Directors warrant that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.

Special Notice:

1. The total amount of external guarantees provided by the Company and its holding subsidiaries is RMB 255,000 million, accounting for 119.26% of the Company’s latest audited net assets. All are guarantees provided by the Company and its holding subsidiaries to units within the scope of the consolidated financial statements. Investors are kindly requested to pay attention to the risks.

2. The total outstanding balance of external guarantees provided by the Company and its holding subsidiaries is RMB 104,300.93 million, accounting for 48.78% of the Company’s latest audited net assets. All are guarantees provided by the Company and its holding subsidiaries to units within the scope of the consolidated financial statements. Investors are kindly requested to pay attention to the risks.

I. Overview of the Guarantee Situation

(I) Estimated external guarantee plan for 2025

Jinlongyu Group Co., Ltd. (hereinafter referred to as the “Company”) convened the 10th meeting of the Fourth Session of the Board of Directors (regular) and the 7th meeting of the Fourth Session of the Supervisory Board on April 1, 2025. The meetings reviewed and approved the “Resolution on Applying for Integrated Credit Facility Limits from Financial Institutions” and the “Resolution on Estimated External Guarantees for 2025.” It was agreed that the Company and its subsidiaries could apply for integrated credit facility limits with one or more financial institutions. At the same time, the Company would provide guarantees for financing of no more than RMB 100,000 million for its wholly owned subsidiary, Huizhou Jinlongyu Cable Industrial Development Co., Ltd. (hereinafter referred to as “Cable Industrial”). The guarantee scope includes, but is not limited to, application for integrated credit facilities, working capital loans, bank acceptance bills, letters of credit, performance bonds/guarantee letters, and so on. Guarantee methods include, but are not limited to, guarantees for joint and several liability. For details, please refer to the Company’s report on April 3, 2025 in the designated information disclosure media, the Juchao Information Network (

The Company convened the 16th meeting of the Fourth Session of the Board of Directors (extraordinary) and the 11th meeting of the Fourth Session of the Supervisory Board on November 19, 2025. The meetings reviewed and approved the “Resolution on Increasing the Estimated External Guarantees for 2025.” Due to the growth in the sales scale of the cable and wire business this year, the amount of integrated credit facility applied for by Cable Industrial with financial institutions increased. Therefore, the estimated external guarantee limit of the Company increased from RMB 100,000 million to RMB 160,000 million. For details, please refer to the Company’s report on November 20, 2025 in the designated information disclosure media, the Juchao Information Network (

(II) Financing by a subsidiary and provision of guarantees for it

On December 25, 2025, the Company convened the 18th meeting of the Fourth Session of the Board of Directors (extraordinary), reviewed and approved the “Resolution on a Subsidiary’s Plan to Apply to a Bank for a Project Loan and Provide Guarantees for It.” Jinlongyu New Energy (Huidong) Co., Ltd. (hereinafter referred to as “Huidong New Energy”) plans to apply to a bank for a project loan with a total额度 of no more than RMB 850 million and a term of no more than 10 years. The loan will be used exclusively for the development and construction of the Huidong Materials project (including necessary project expenditures such as engineering construction, equipment purchase, and working capital committed funds). The loan will be secured by a mortgage on its own assets. Meanwhile, the Company and Mr. Zheng Youshui, the Company’s actual controller, will provide joint and several liability guarantees for the project loan; the holding subsidiary will provide equity pledge and joint and several liability guarantees for the project loan. For details, please refer to the Company’s report on December 26, 2025 in the designated information disclosure media, the Juchao Information Network (

(III) Financing by a holding subsidiary and provision of guarantees for it

On December 25, 2025, the Company convened the 18th meeting of the Fourth Session of the Board of Directors (extraordinary), reviewed and approved the “Resolution on the Plan for Holding Subsidiary to Carry Out Financial Leasing Business and Provide Guarantees for It.” To meet the needs for operating capital, Jinlongyu New Energy (Shenzhen) Co., Ltd. (hereinafter referred to as “Shenzhen New Energy”), a holding subsidiary, plans to carry out sale-and-leaseback business with financial or commercial leasing institutions. The financing amount will be no more than RMB 100 million, and the financing term will be no more than 3 years. The Company and Mr. Zheng Youshui, the Company’s actual controller, will provide joint and several liability guarantees. For details, please refer to the Company’s report on December 26, 2025 in the designated information disclosure media, the Juchao Information Network (

(IV) Progress of external guarantees

1. Recently, the Company renewed and signed the “Integrated Credit Facility Agreement” with Bank of Beijing Co., Ltd. Shenzhen Branch (hereinafter referred to as “Bank of Beijing”). Cable Industrial renewed and signed the “Bank Acceptance Credit Limit Agreement” with Bank of Beijing. The Company provides a guarantee for Cable Industrial’s financing with Bank of Beijing, with the maximum guarantee amount of RMB 300 million.

2. Recently, Huidong New Energy and China Construction Bank Corporation Shenzhen Branch (hereinafter referred to as “China Construction Bank”) entered into the “General Agreement on Credit Business,” the “Fixed Asset Loan Contract,” and the “Maximum Amount Mortgage Contract.” The Company and China Construction Bank signed the “Maximum Principal Amount Guarantee Contract.” Shenzhen New Energy and China Construction Bank signed the “Maximum Principal Amount Guarantee Contract” and the “Maximum Amount Rights Pledge Contract.” The Company and Shenzhen New Energy provide guarantees for Huidong New Energy’s financing with China Construction Bank, with the maximum guarantee amount of RMB 850 million.

3. As of this date, the total amount of credit facility agreements signed by the Company and its holding subsidiaries that involve external guarantees is RMB 243,000 million, of which RMB 84,300.93 million has been utilized.

The above guarantee amounts are within the Company’s previously estimated limits for external guarantees and have been approved at the shareholders’ meeting, so no further deliberation procedures are required.

II. Basic Information of the Guaranteed Parties

(I) Guaranteed party 1

1. Company name: Huizhou Jinlongyu Cable Industrial Development Co., Ltd.

Date of establishment: April 14, 2005

Registered address: No. 1, Maidong Village, JiMaDi Village, Luoyang Town, Boluo County

Legal representative: Zheng Youshui

Registered capital: RMB 68,941.83 million

Main business: Research and development, production, sales, and services of wires and cables.

Equity structure: The Company holds 100% of the equity interest in Cable Industrial.

2. Financial data of Cable Industrial

Unit: RMB 10,000

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3. As of this date, the guarantee balance provided by Cable Industrial to units outside the consolidated financial statements is RMB 0, and there are no matters involving mortgages/pledges. The amount involved in lawsuits and arbitration within the past twelve months is RMB 100,54.90 million.

4. As verified, Cable Industrial is not a defaulter subject to enforcement, and its credit status is good.

(II) Guaranteed party 2

1. Company name: Jinlongyu New Energy (Huidong) Co., Ltd.

Date of establishment: February 18, 2025

Registered address: Room 643, 6th Floor, Tech Innovation Building, No. 3689 Xinping Avenue, Changtang Village, Baihua Town, Huidong County, Huizhou City, Guangdong Province

Legal representative: Zheng Youshui

Registered capital: RMB 30,000 million

Main business: Production and sales of key materials for solid-state batteries

2. Property rights and control relationships

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3. Financial data of Huidong New Energy for the most recent period

Unit: RMB 10,000

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4. As of this date, the guarantee balance provided by Huidong New Energy to units outside the consolidated financial statements is RMB 0. Other than the provision of mortgage of land-use rights and in-progress construction projects for project loans applied for with China Construction Bank, there are no other mortgage matters. The amount involved in lawsuits and arbitration within the past twelve months is RMB 0.

5. As verified, Huidong New Energy is not a defaulter subject to enforcement, and its credit status is good.

III. Main Contents of the Guarantee Agreements

(I) Providing guarantees for Cable Industrial’s financing with Bank of Beijing

Guarantee method: Guarantee for joint and several liability

Guarantee period: Three years from the expiration date of the debt performance term

Maximum guarantee amount: RMB 300 million

Counter-guarantee: Not applicable

(II) Providing guarantees for Huidong New Energy’s financing with China Construction Bank

1. Main contents of the agreement

Guarantee method: The Company provides a guarantee for joint and several liability; Shenzhen New Energy provides a guarantee for joint and several liability and a pledge of the Company’s 100% equity interest in Huidong New Energy

Guarantee period: Three years after the expiration date of the debt performance term

Maximum guarantee amount: RMB 850 million

Counter-guarantee: Not applicable

2. Basic information of pledged equity

Shenzhen New Energy, a holding subsidiary of the Company, provides a pledge guarantee to China Construction Bank with the 100% equity interest it holds in Huidong New Energy. The basic information of Huidong New Energy is set out in Part II “Basic Information of the Guaranteed Parties” of this announcement.

As of the disclosure date of this announcement, the equity held by Shenzhen New Energy in Huidong New Energy does not involve other pledges or other third-party rights, and there are no material disputes, lawsuits, or arbitration matters, nor any judicial measures such as sealing or freezing.

As of February 28, 2026, the carrying value of the above equity is RMB 220 million (of which: original carrying value is RMB 220 million).

IV. Board’s Opinions

The Board believes that Cable Industrial is the Company’s wholly owned subsidiary and an important implementation entity for the Company’s cable and wire business. The above guarantee matters are required for the subsidiary’s daily operations and will not affect the Company’s normal operations, which is consistent with the Company’s overall development strategy. Huidong New Energy is a subsidiary indirectly controlled by the Company. As the implementation entity for the Huidong Materials project, it applies for a project loan by pledging its own assets, while relevant parties provide guarantees. This will help Huidong New Energy reasonably leverage the advantages of project loan financing and further promote the industrialization of key research and development results for solid-state battery materials, which is in line with the Company’s strategic development plan.

The financial risk of this guarantee matter is within the Company’s controllable range, and the Company has the ability to control the operating and management risks of subsidiaries and the subsidiary’s subsidiary. The amount of this guarantee is within the Company’s previously estimated limits for external guarantees, so no further deliberation procedures are required.

V. Cumulative number of external guarantees and number of guarantees overdue

As of the disclosure date of this announcement, the total amount of guarantee limits for the Company and its holding subsidiaries is RMB 255,000 million. The total outstanding balance of external guarantees for the Company and its holding subsidiaries is RMB 104,300.93 million, accounting for 48.78% of the Company’s latest audited net assets. The total outstanding balance of guarantees provided by the Company and its holding subsidiaries to units outside the consolidated financial statements is RMB 0, accounting for 0% of the Company’s latest audited net assets. The Company and its holding subsidiaries have no external guarantees that are overdue, no external guarantees involved in lawsuits, and no situation where losses should be borne due to an adverse verdict as a result of the guarantees.

This announcement is hereby made.

Jinlongyu Group Co., Ltd.

Board of Directors

March 18, 2026

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