Suzhou Saiwu Application Technology Co., Ltd. Progress Announcement on Providing Guarantees for Subsidiaries

Stock Code: 603212 Stock Abbreviation: Saiwu Technology Announcement No.: 2026-007

Suzhou Saiwu Application Technology Co., Ltd.

Progress Announcement on Providing Guarantees for Subsidiaries

The company’s board of directors and all directors guarantee that the content of this announcement contains no false records, misleading statements, or major omissions, and assume legal responsibility for its authenticity, accuracy, and completeness.

Key Content Highlights:

● Guarantee objects and basic information

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● Total guarantee amount

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1. Overview of Guarantee Situation

（1） Basic Guarantee Situation

Recently, the company provided joint liability guarantees for credit facilities obtained by its subsidiaries, Singapore SaiMai and Zhejiang Saiwu, from banks. Among them, for Singapore SaiMai’s credit business, the company signed the maximum guarantee contracts with China CITIC Bank Co., Ltd. Suzhou Branch, China Merchants Bank Co., Ltd. Suzhou Branch, and Shanghai Pudong Development Bank Co., Ltd. Suzhou Branch, with guarantee amounts of 233M yuan, 80 million yuan, and 50 million yuan respectively. For Zhejiang Saiwu’s credit business, the company signed a maximum guarantee contract with China CITIC Bank Co., Ltd. Suzhou Branch, with a guarantee amount of 50 million yuan. These guarantee matters are within the approval limits of the shareholders’ meeting and do not require separate approval by the board of directors or shareholders’ meeting.

（2） Internal Decision-Making Procedures

The 14th meeting of the third board of directors and the 2024 annual general meeting of shareholders have respectively approved the “Proposal on Providing Guarantees for the Company’s Subsidiaries in 2025,” agreeing that the company will provide guarantees for bank credit applications by its subsidiaries, with a total guarantee amount not exceeding 1.8 billion yuan.

The validity period of the above external guarantees is from the date of approval by the shareholders’ meeting until the next shareholders’ meeting convenes. For details, see the company’s announcement titled “Announcement on Providing Guarantees for Subsidiaries in 2025,” disclosed on April 30, 2025, on the Shanghai Stock Exchange website (www.sse.com.cn).

2. Basic Information of the Guarantor

（1） Basic Information

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3. Main Content of Guarantee Agreements

（1） Guarantor: Singapore SaiMai

1. The main content of the “Maximum Guarantee Contract” signed between the company (guarantor) and China CITIC Bank Co., Ltd. Suzhou Branch (creditor) is as follows:

1.1 Guarantee Method: Joint liability guarantee

1.2 Guarantee Limit: 30 million yuan

1.3 Scope of Guarantee: Principal debt, interest, penalty interest, compound interest, liquidated damages, damages, late payment interest, late payment fees, and costs incurred to realize the debt( including but not limited to litigation fees, arbitration fees, lawyer fees, travel expenses, appraisal fees, transfer fees, preservation fees, announcement fees, notarization and certification fees, translation fees, enforcement fees, insurance fees for preservation, and other payable expenses.

1.4 Guarantee Period: Three years from the expiry date of the principal contract’s debt performance period, i.e., three years from the date the debtor’s debt performance period, as specified in the specific business contract, expires. The guarantee period for each specific business contract is calculated separately.

2. The company (guarantor) signed the “Irrevocable Maximum Guarantee” with China Merchants Bank Co., Ltd. Suzhou Branch (creditor), with the main content as follows:

2.1 Guarantee Method: Joint liability guarantee

2.2 Guarantee Limit: 80 million yuan

2.3 Scope of Guarantee: The total of loans and other credit principal balances provided within the credit limit according to the “Credit Agreement”) with a maximum limit of 80 million yuan(, as well as related interest, penalty interest, compound interest, liquidated damages, late payment fees, factoring costs, costs for realizing guarantee rights and claims, and other related expenses.

2.4 Guarantee Period: From the effective date of this guarantee letter until the maturity date of each loan or other financing or receivables transferred by your bank, plus three years. If any credit extension occurs, the guarantee period extends until three years after the extended period ends.

3. The company (guarantor) signed the “Maximum Guarantee Contract” with Shanghai Pudong Development Bank Co., Ltd. Suzhou Branch (creditor), with the main content as follows:

3.1 Guarantee Method: Joint liability guarantee

3.2 Guarantee Limit: 50 million yuan

3.3 Scope of Guarantee: In addition to the principal debt described in this contract, it also covers the interest( including interest, penalty interest, and compound interest), liquidated damages, damages, fees, and other expenses incurred for signing or performing this contract, as well as costs related to the realization of the guarantee rights and claims) including but not limited to litigation fees, lawyer fees, travel expenses, etc.(, and the guarantee deposit that the debtor is required to supplement at the creditor’s request according to the main contract.

3.4 Guarantee Period: Calculated separately for each debt of the creditor to the debtor, from the date each debt contract’s debt performance period expires until three years after the expiration date of the last repayment period under that debt contract. The guarantor’s guarantee responsibility for each installment repayment obligation during the period lasts from the due date of each installment until three years after the final installment’s due date.

（2） Guarantor: Zhejiang Saiwu

1. The main content of the “Maximum Guarantee Contract” signed between the company (guarantor) and China CITIC Bank Co., Ltd. Suzhou Branch (creditor) is as follows:

1.1 Guarantee Method: Joint liability guarantee

1.2 Guarantee Limit: 50 million yuan

1.3 Scope of Guarantee: Principal debt, interest, penalty interest, compound interest, liquidated damages, damages, late payment interest, late payment fees, and costs incurred to realize the debt) including but not limited to litigation fees, arbitration fees, lawyer fees, travel expenses, appraisal fees, transfer fees, preservation fees, announcement fees, notarization and certification fees, translation fees, enforcement fees, insurance fees for preservation, and other payable expenses.

1.4 Guarantee Period: Three years from the expiry date of the principal contract’s debt performance period, i.e., three years from the date the debtor’s debt performance period, as specified in the specific business contract, expires. The guarantee period for each specific business contract is calculated separately.

4. Necessity and Rationality of Guarantees

The guaranteed parties, Zhejiang Saiwu and Singapore SaiMai, are within the company’s consolidated financial statements, operate stably, and have the capacity to repay debts. The company can effectively control the risks of their daily operations and make timely assessments of their credit status. Overall, the guarantee risks are within a controllable range. The guarantees are provided to meet their normal production, operation, and business development needs, which is conducive to the company’s steady operation and aligns with the overall interests of the company and all shareholders.

5. Total External Guarantee Quantity and Overdue Guarantees

As of the date of this announcement, the total external guarantee balance of the company and its subsidiaries is 2.33 billion yuan, accounting for 8.74% of the company’s latest audited net assets. Among them, the guarantee balance provided by the company to its subsidiaries is 2.33 billion yuan, accounting for 8.74% of the latest audited net assets. The company and its subsidiaries have no overdue guarantees.

This announcement is hereby made.

Board of Directors of Suzhou Saiwu Application Technology Co., Ltd.

March 25, 2026