Shanghai Qifan Cable Co., Ltd. Progress Announcement on Providing Guarantees for Subsidiaries

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Stock code: 605222 Stock abbreviation: Qifan Cable Announcement No.: 2026-012

Bond code: 111000 Bond abbreviation: Qifan Convertible Bonds

Shanghai Qifan Cable Co., Ltd.

Progress Announcement on Providing Guarantees for Subsidiaries

The board of directors of this company and all directors hereby warrant that this announcement contains no false records, misleading statements, or material omissions, and assume legal responsibility for the truthfulness, accuracy, and completeness of the contents of this announcement.

Key matters in this announcement:

● Guarantee target and basic information

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● Cumulative guarantee situation

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I. Overview of the Guarantee

(I) Basic information of the Guarantee

To support the business development of the subsidiary, in accordance with the actual business needs of the subsidiary, Shanghai Qifan Cable Co., Ltd. (hereinafter referred to as the “Company”) entered into a《Maximum Amount Guarantee Contract》(contract number: CCGSB0ZGBT20260008) with China Everbright Bank Co., Ltd., Chizhou Branch (hereinafter referred to as the “Everbright Bank, Chizhou Branch”) recently, to provide a guarantee for the performance of the《Comprehensive Credit Grant Agreement》(contract number: CCGSB0ZSXY20260015) signed between Chizhou Qifan Cable Co., Ltd. (hereinafter referred to as “Chizhou Qifan”) and the Everbright Bank, Chizhou Branch. The guarantee method is a joint and several liability guarantee. The maximum amount of guaranteed claims is RMB 150,000.00 million. The guarantee period is three years from the expiration date of the debt performance period under the principal contract. This guarantee does not involve a counter-guarantee.

(II) Internal decision-making procedures

On April 24, 2025, the Company convened the 34th meeting of the third session of the board of directors and the 23rd meeting of the third session of the board of supervisors, respectively. On May 19, 2025, the 2024 annual general meeting of shareholders was held, which deliberated and approved the proposal《Regarding the Anticipated 2025 Annual Application to Banks for Comprehensive Credit Grant Quota and Providing Guarantees for Subsidiaries》. The Company agreed that within the 2025 credit grant quota, it would provide guarantees for Chizhou Qifan, Yichang Qifan Cable Co., Ltd. (hereinafter referred to as “Yichang Qifan”), Shanghai Qifan Wire & Cable Technology Co., Ltd. (hereinafter referred to as “Qifan Technology”), and Shanghai Qifan E-commerce Co., Ltd. (hereinafter referred to as “Qifan E-commerce”) in amounts not exceeding RMB 1.10 billion, RMB 50 million, RMB 20 million, and RMB 80 million, respectively. The guarantee quota for credit provided in this matter may be reallocated and used between Chizhou Qifan and Yichang Qifan, and between Qifan E-commerce and Qifan Technology. The specific scope, forms, and terms of the guarantees, etc. shall be subject to the guarantee contracts actually signed. For details, please refer to the announcements published by the Company on April 25, 2025 and May 20, 2025 on the website of the Shanghai Stock Exchange (www.sse.com.cn) and in the Company’s designated media for statutory information disclosure.

This external guarantee matter falls within the annual guarantee authorization quota of the Company, does not require a separate convening of the board of directors and the shareholders’ meeting for deliberation, and complies with relevant requirements.

II. Basic information of the guaranteed party

(I) Basic information

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III. Main contents of the guarantee agreement

1. Creditor (credit grantor): China Everbright Bank Co., Ltd., Chizhou Branch

2. Guarantor: Shanghai Qifan Cable Co., Ltd.

3. Debtor (credit recipient): Chizhou Qifan Cable Co., Ltd.

4. Guarantee method: joint and several liability guarantee

5. Guarantee amount: the maximum amount of guaranteed claims is RMB 150,000.00 million

6. Guarantee scope: the principal debt, interest (including statutory interest, agreed interest, and penalty interest), compound interest, liquidated damages, damages for breach, and the expenses for realizing the creditor’s rights (including but not limited to litigation/arbitration fees, lawyer fees, preservation fees, appraisal fees, travel expenses, notarization fees, enforcement fees, etc.) that the credit recipient is obligated to repay or pay to the credit grantor under the principal contract, as well as all other payable expenses (each of the above items collectively referred to as the “Guaranteed Debts”).

7. Guarantee period: three years from the date of expiration of the debt performance period agreed in the principal contract.

IV. Necessity and reasonableness of the guarantee

To support the business development of the wholly-owned subsidiary, and in accordance with its actual business needs, the Company provides performance guarantees for the loan business of the wholly-owned subsidiary, which is beneficial for its steady operation and long-term development and is consistent with the Company’s business strategy. The guaranteed party is the Company’s wholly-owned subsidiary. The Company can promptly control risks related to the subsidiary’s daily business activities and decision-making. The guarantee risk is controllable. This guarantee will not affect the Company’s continuing operating capability, and there is no situation that would harm the interests of the Company or its shareholders.

V. Opinions of the board of directors

The Company convened the 34th meeting of the third session of the board of directors on April 24, 2025. With 9 votes in favor, 0 votes against, and 0 abstentions, the proposal《Regarding the Anticipated 2025 Annual Application to Banks for Comprehensive Credit Grant Quota and Providing Guarantees for Subsidiaries》was deliberated and approved.

The board of directors of the Company is of the view that: the guarantee matter is provided to meet the operational needs of the Company’s subsidiaries and is in line with the Company’s overall development strategy; in addition, the guaranteed party is a wholly-owned subsidiary of the Company, and the Company can effectively control risks related to its daily operating activities and decision-making, can promptly grasp its credit standing, and there is no situation that would harm the interests of the Company or its shareholders.

VI. Total number of cumulative external guarantees and number of overdue guarantees

As of the date of disclosure of this announcement, the Company’s total amount of external guarantees (excluding guarantees for subsidiaries) is RMB 0. The Company’s total amount of guarantees for subsidiaries is RMB 1,865.00 million, and the guarantee balance is RMB 709.3857 million, accounting for 15.29% of the Company’s audited net assets at the end of 2024. Neither the Company nor its subsidiaries have any situation of non-compliant guarantees.

The Company has not provided guarantees to controlling shareholders and actual controllers or their related parties. No overdue guarantees have occurred, and there have been no guarantees involving litigation, nor any situations where losses should be borne due to a final court ruling unfavorable to the guarantee as a result of the guarantees.

This announcement is hereby issued.

Board of Directors of Shanghai Qifan Cable Co., Ltd.

April 1, 2026

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