Jiangxi Weiergao Electronics Co., Ltd. Progress Announcement on the Company's Guarantee for Subsidiaries

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Securities Code: 301251
Stock Abbreviation: Wilco
Announcement No.: 2026-001

Jiangxi Wilco Electronics Co., Ltd.

Progress Announcement on Providing Guarantees for Subsidiaries

The company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or major omissions.

1. Overview of Guarantee Situation

Jiangxi Wilco Electronics Co., Ltd. (hereinafter referred to as “the Company” or “Wilco”) held the 11th meeting of the second board of directors on December 12, 2025, and the second extraordinary general meeting of 2025 on December 29, 2025. The meetings approved the proposal on “2026 Comprehensive Credit Line and Guarantee Limit Estimates for the Company and Subsidiaries,” agreeing that the Company and its subsidiaries can apply for a comprehensive credit line of no more than RMB 1.5 billion from financial institutions, that the Company can provide guarantees totaling no more than RMB 1 billion for subsidiaries, and that subsidiaries can provide guarantees totaling no more than RMB 200 million for other subsidiaries within the consolidated scope. The guarantee period is 12 months from the date of shareholder approval, and the credit line can be used cyclically. The shareholder meeting authorized the chairman or his proxy to sign relevant legal documents within the guarantee limit and to adjust among guaranteed companies as needed based on actual business operations. The actual guarantee amount shall be subject to the final signed agreement.

2. Progress of Guarantees

Recently, the company signed the “Maximum Guarantee Contract” (Contract No.: CG/SZ/SN/204834/26) with DBS Bank (China) Co., Ltd., Shenzhen Branch, and DBS Bank (China) Co., Ltd., Shanghai Free Trade Zone Branch. The contract stipulates that the company provides maximum guarantee for various banking services of subsidiaries Huizhou Wilco Electronics Co., Ltd. and WELLTEK ELECTRONICS CO., LTD., with a maximum claim amount of RMB 165,000,000 or equivalent foreign currency, in the form of an irrevocable joint liability guarantee. The previously signed “Maximum Guarantee Contract” (No.: CG/SZ&FTZ/PL/153274/25) signed in December 2025 was invalid due to changes in core terms such as the maximum claim amount.

The above guarantees are within the approved limit by the shareholder meeting and have undergone internal approval procedures.

3. Basic Information of the Guarantor

(1) Guarantor: Huizhou Wilco Electronics Co., Ltd.

1. Name: Huizhou Wilco Electronics Co., Ltd.
2. Establishment Date: June 1, 2004
3. Registered Address: Longyuan Industrial Zone, Mapi Town, Boluo County, Huizhou City, Guangdong Province
4. Legal Representative: Deng Yanqun
5. Registered Capital: RMB 50 million
6. Business Scope: Production and sales of electronic products, double-sided and multi-layer circuit boards, LED energy-saving lamps; property management; import and export of goods and technology.
7. Relationship with the Company: Wholly owned subsidiary
8. Equity Structure: The Company holds 100% of Huizhou Wilco’s equity.
9. Main Financial Indicators:
   • (Data not provided in the excerpt)
10. According to the China Enforcement Information Disclosure Website, Huizhou Wilco has no dishonesty or enforcement records and is not a dishonest person subject to enforcement.

(2) Guarantor: WELLTEK ELECTRONICS CO., LTD.

1. Name: WELLTEK ELECTRONICS CO., LTD. (Chinese name: 威泰电子有限公司)

2. Establishment Date: February 17, 2023

3. Registered Address: No. 86, Nongnansong Village, U Thani District, Ayutthaya Province, Thailand

4. Legal Representative: Deng Yanqun

5. Registered Capital: 2.5 billion Thai Baht

6. Business Scope: R&D, production, and sales of various circuit boards; PCBA assembly; electronic products; import and export of circuit boards, machinery, raw materials, and electronic products.

7. Relationship with the Company: Wholly owned subsidiary

8. Equity Structure: The Company holds 100% of its equity.

9. Main Financial Indicators:

   • (Data not provided in the excerpt)

10. According to the China Enforcement Information Disclosure Website, WELLTEK ELECTRONICS has no dishonesty or enforcement records and is not a dishonest person subject to enforcement.

11. Main Content of the Guarantee Agreement

The main terms of the “Maximum Guarantee Contract” (Contract No.: CG/SZ/SN/204834/26) signed between the company and DBS Bank (China) Co., Ltd., Shenzhen Branch, and Shanghai Free Trade Zone Branch are as follows:

1. Guarantee Method: Joint liability guarantee.

2. Maximum Claim Amount: RMB 165,000,000 or equivalent foreign currency.

3. Scope of Guarantee: All principal claims, related interest, penalty interest, liquidated damages, damages, and costs incurred in realizing the creditor’s rights under the main contract, including litigation costs, property preservation fees, lawyer fees, and other debts not fully paid by the debtor under the main contract, as well as damages if the main contract is invalid or revoked.

4. Guarantee Period: From the date of signing this contract until three years after the final performance deadline of the relevant banking debts under the main contract.

5. Total External Guarantees and Overdue Guarantees

After this guarantee, the total external guarantees of the company and its subsidiaries amount to RMB 464 million, accounting for 30.90% of the company’s audited net assets at the end of 2024. The company and subsidiaries have no overdue guarantees, litigation guarantees, or illegal external guarantees.

6. Impact of External Guarantees on the Listed Company

This guarantee is to meet the subsidiaries’ operational capital needs, with manageable risks. The guarantors have good credit and repayment ability, which will not harm the interests of the company and shareholders or affect normal operations.

7. Reference Documents

8. “Maximum Guarantee Contract” (Contract No.: CG/SZ/SN/204834/26);

This announcement is hereby made.

Jiangxi Wilco Electronics Co., Ltd. Board of Directors

March 18, 2026