Seven Wolves: Intends to provide guarantees for 20 subsidiaries within the scope of consolidated financial statements.

Daily Economic News AI Express: Septwolves (SZ 002029, closing price: 10.41 yuan) announced on the evening of April 2 that, at the 4th meeting of the 9th session of the board of directors held on April 1, 2026, the board approved the company’s proposal on “Providing Guarantees for Subsidiaries Within the Consolidation Scope.”

To further support the subsidiaries within the consolidation scope in their needs for working capital for production and operations, and to better address the demand for sales inventory preparation and raw material procurement, the company plans to provide the maximum-amount guarantee to 20 subsidiaries within the consolidation scope for bank financing through methods such as a joint liability guarantee or providing pledge guarantees, with a proposed guarantee amount of RMB 1.61B. Of this, the guarantee amount for subsidiaries within the consolidation scope with an asset-liability ratio of 70% or above (inclusive) is RMB 1.37B, and the guarantee amount for subsidiaries within the consolidation scope with an asset-liability ratio below 70% is RMB 241M. The validity period of the额度 is from the date on which it is approved by the 2025 annual general meeting of shareholders to the date on which the 2026 annual general meeting of shareholders is held. The specific term of the guarantee contract will be decided by the company’s management based on actual circumstances. The company may, based on actual conditions, choose to have the company or a subsidiary within the consolidation scope act as the guarantor for the above guarantees. Within the guarantee额度, the authorization is granted to the chairman of the company, or an authorized agent designated by the chairman of the company, to sign various related legal documents. In accordance with the company’s articles of association and other relevant provisions, this proposal still needs to be submitted to the shareholders’ meeting for consideration.

The total amount of the guarantee额度 being considered for subsidiaries within the consolidation scope in this review is RMB 1.61B, accounting for 23.94% of the net assets of the company for 2025 as shown in the audited consolidated financial statements. In 2025, the cumulative guarantee amount incurred by the company and its controlling subsidiaries during the current year was approximately RMB 849 million, accounting for 12.59% of the net assets of the company for 2025 as shown in the audited consolidated financial statements; the actual outstanding guarantee balance was approximately RMB 354 million, accounting for 5.25% of the net assets of the company for 2025 as shown in the audited consolidated financial statements.

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(Reporter Wang Xiaobo)

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