First, an overview of obtaining comprehensive bank credit.

1. In order to meet the growing market demand, Shouhang High-tech Energy Technology Co., Ltd. (hereinafter referred to as "the company" or "Shouhang High-tech") signed a "comprehensive credit contract" with Jiuquan Xicheng Branch of Bank of Lanzhou Co., Ltd. (hereinafter referred to as "Bank of Lanzhou") on June 20, 2023. The contract stipulates that Bank of Lanzhou agrees to provide the company with a credit line of RMB 20 million (RMB 20,000,000.00), the term of the line is 1 year and the credit is used for the company's daily business activities. Under this credit line, Yumen Shouhang Optics Co., Ltd. (hereinafter referred to as "Shouhang Optics"), a wholly-owned subsidiary company, provided collateral for the above-mentioned credit with some of its machinery and equipment.

2. According to the "Shenzhen Stock Exchange Self-Regulatory Guidelines for Listed Companies No. 1-Standardized Operation of Listed Companies on the Main Board" and other relevant regulations, the above-mentioned guarantee matters belong to the listed company Sun Company's guarantee for legal persons within the scope of the listed company's consolidated statements. Shouhang Optics has fulfilled the internal approval procedures, and the above-mentioned guarantee matters do not need to be submitted to the company's board of directors and shareholders meeting for deliberation.

II. Basic information of the guaranteed person

1. Name of the guarantor: Shouhang High-tech Energy Technology Co.

2. Date of Establishment: July 6, 2001

3. Place of registration: Room 307, No. 23, West Street, Northwest Street, Suzhou District, Jiuquan City, Gansu Province

4. Legal Representative: Huang Wenbo

5. Registered capital: 2503.942925 million yuan

6, business scope: licensing projects: construction engineering survey; special equipment manufacturing; special equipment design. (For projects subject to approval according to law, business activities can only be carried out after approval by relevant departments, and specific business projects shall be subject to the approval documents or license certificates of relevant departments) General items: power facilities and equipment manufacturing; technical services, technical development, technical consultation, technical exchange, technology transfer and technology promotion; sales of solar thermal utilization products; sales of solar thermal utilization equipment; sales of solar thermal power generation equipment; sales of solar thermal power generation products; general equipment manufacturing (excluding special equipment manufacturing); refrigeration and air conditioning equipment sales; environmental protection special equipment sales; seawater desalination treatment; foreign contracting projects; energy storage technical services; technology import and export; import and export agents; goods Import and export; industrial engineering design services; project management services; energy-saving management services; software development; mechanical equipment leasing; mechanical equipment sales; mechanical equipment research and development; professional design services; special equipment sales; steam turbine and auxiliary equipment manufacturing; steam turbine and auxiliary equipment sales; generator and generator set manufacturing; generator and generator set sales; power generation technical services. (With the exception of projects subject to approval in accordance with the law, business activities shall be carried out independently in accordance with the business license)

7. Relationship between the guarantor and the guarantor: The guarantor Shouhang Optics is a wholly-owned grandson of the guarantor Shouhang High-Tech.

8. Key financial data indicators: The Company's financial data for the latest year and period are detailed in the Company's 2022 Annual Report and the First Quarter 2023 Report.

Third, the main content of the mortgage guarantee.

1, collateral method: mortgage collateral;

2. Guarantee period: 5 years.

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

As of the date of this announcement, the Company's external guarantees within the performance period are:

1. In order to support the development of the subsidiary, the company decided to provide a joint liability guarantee of RMB 109.14 million for the financing of Gulang Longxin Energy Co., Ltd. and Lihuo Energy Co., Ltd.

2, the company for Hami Lijiang Energy Co., Ltd. 40 million yuan loan principal and interest to provide joint and several liability guarantee guarantee.

3. The company provides joint and several liability guarantee for the loan principal and interest of 10 million yuan of Xituo Energy Group Co., Ltd.

4. The company provides joint and several liability guarantee for the loan principal and interest of 400 million yuan of Shouhang Water Resources Technology Development Co., Ltd.

5. The company provides joint and several liability guarantee for the loan principal and interest of 90 million yuan of Beijing Juxing Xinneng Technology Co., Ltd.

6. The company provides joint and several liability guarantee for the loan principal and interest of 60 million yuan of Hamilliha Energy Co., Ltd.

7. The company provides joint and several liability guarantee for the loan principal and interest of 20 million yuan of Xituo Energy Group Co., Ltd.

8. The company provides mortgage guarantee for the loan principal and interest of 8 million yuan of Xituo Energy Group Co., Ltd.

9, the company for the subsidiary Dunhuang Shouhang Energy Saving New Energy Co., Ltd. 1,400 million yuan of financing principal and interest to provide asset transfer and joint and several liability guarantee guarantee.

The total amount of the Company's external guarantees to date is $2137.14 million, representing 40.99 percent of the Company's audited net assets in 2022. The company does not have overdue external guarantees and illegal guarantees, there are no guarantees involving litigation and losses due to the judgment of the guarantee.

V. The impact of this credit and guarantee on the company.

1. The company's obtaining this credit line is the recognition of the company's business and development prospects by financial institutions, which is conducive to promoting the sustained and stable development of existing business and the rapid layout of new business, and supplementing the company's capital needs through bank credit financing. Conducive to improving the company's financial status, enhancing the company's strength, has a positive effect on the company's business activities, and provides financial guarantee for the company.

2. The above-mentioned wholly-owned sun company providing guarantee for the company is within the scope of the consolidated statements of the listed company, and the guarantee risk for the company is controllable, which is conducive to meeting the financing needs of the company and ensuring the sustainable and stable development of the company. there is no situation that harms the interests of the company and all shareholders.

It is hereby announced.

 

Shouhang Gaoke Energy Technology Co., Ltd.

Board of Directors

June 21, 2023