Progress Announcement on Providing Guarantees for Wholly-owned Subsidiary by Kebot Technology Co., Ltd.

Stock Code: 603786
Stock Name: KeboDa
Announcement No.: 2026-009

KeboDa Technology Co., Ltd.

Progress Announcement on Providing Guarantee for Wholly-Owned Subsidiary

The Company’s Board of Directors and all directors guarantee that the content of this announcement is free from any false records, misleading statements, or major omissions, and bear legal responsibility for its truthfulness, accuracy, and completeness.

Key Information Highlights:

● Guarantee Object and Basic Information

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● Total Guarantee Amount

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1. Overview of Guarantee

(1) Basic Guarantee Information

On March 20, 2026, KeboDa Technology Co., Ltd.’s wholly-owned subsidiary Zhejiang KeboDa Industrial Co., Ltd. (hereinafter referred to as “Zhejiang KeboDa”) signed a “Maximum Guarantee Contract” with China Bank Co., Ltd. Jiaxing Branch (hereinafter “China Bank Jiaxing Branch”) to provide a maximum guarantee for the credit line agreement between KeboDa Jiaxing Automotive Electronics (the debtor) and China Bank Jiaxing Branch (the creditor) from March 11, 2026, to March 10, 2028, with a maximum principal balance of 60 million RMB. This guarantee is without counter-guarantee, and KeboDa Jiaxing Automotive Electronics is a wholly-owned subsidiary of the company.

(2) Internal Decision-Making Procedures

On April 23, 2025, the Company held the 14th meeting of the third Board of Directors and the 13th meeting of the third Supervisory Committee, and on May 16, 2025, the 2024 Annual Shareholders’ Meeting approved the “Proposal on Applying for Comprehensive Credit Line and Related Guarantees from Banks,” agreeing to provide guarantees totaling no more than 2.5 billion RMB for four companies: Zhejiang KeboDa Industrial Co., Ltd., KeboDa (Jiaxing) Automotive Electronics Co., Ltd., KeboDa (Anhui) Automotive Electronics Co., Ltd., and KeboDa (Chongqing) Intelligent Control Technology Co., Ltd. The guarantees are valid from the date of approval at the 2024 Annual Shareholders’ Meeting until the date of the next annual shareholders’ meeting. The company and its subsidiaries will sign specific guarantee agreements based on actual business needs, using pledge, mortgage, or guarantee methods.

Details are disclosed in the company’s announcement on April 25, 2025, titled “KeboDa Technology Co., Ltd. Applies for Comprehensive Credit Line and Related Guarantee Matters” (Announcement No.: 2025-016), and the announcement of the 2024 Annual Shareholders’ Meeting resolution on May 17, 2025 (Announcement No.: 2025-022).

Zhejiang KeboDa’s guarantee amount for KeboDa Jiaxing Automotive Electronics within the authorized scope does not require further Board or Shareholders’ approval. The financial condition and asset-liability ratio of the guarantee object have not significantly changed.

2. Basic Information of the Guarantor

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3. Main Terms of the Guarantee Agreement

Guarantor: Zhejiang KeboDa Industrial Co., Ltd.
Creditor: China Bank Co., Ltd. Jiaxing Branch
Debtor: KeboDa (Jiaxing) Automotive Electronics Co., Ltd.

1. Guarantee Limit: Maximum principal balance of 60 million RMB

2. Guarantee Method: Joint liability guarantee

3. Scope of Guarantee:
   (1) Debts arising from loan, trade financing, letter of credit, capital business, and other credit contracts and their amendments or supplements signed between the creditor and debtor from March 11, 2026, to March 10, 2028, constituting the main creditor’s rights;
   (2) During the validity of the main creditor’s rights, if the debt is confirmed as the guaranteed principal debt under this contract, the interest (including interest, compound interest, penalty interest), penalty, damages, costs for realizing the creditor’s rights (including litigation, legal, notarization, enforcement costs, etc.), losses caused by the debtor’s default, and other payable expenses related to the main debt shall also be part of the guaranteed creditor’s rights, with specific amounts determined upon repayment;
   (3) The sum of the amounts in (1) and (2) constitutes the maximum guaranteed amount under this contract.

4. Guarantee Period:
   The guarantee period for each debt is calculated separately, with each period lasting three years from the maturity date of the respective debt. During this period, the creditor may demand the guarantor to assume guarantee responsibilities for all or part of the main creditor’s rights, whether multiple or single, collectively or separately.

5. Necessity and Rationality of the Guarantee

This guarantee mainly aims to meet the funding needs of the wholly-owned subsidiary KeboDa Jiaxing Automotive Electronics for production, operation, and business development, which helps improve the company’s overall financing efficiency. KeboDa Jiaxing Automotive Electronics operates stably, has good credit, and strong debt repayment ability, with no overdue debts. The guarantee risk is within controllable scope and aligns with the overall interests of the company.

5. Board Opinions

The above guarantees have been approved at the Company’s 14th meeting of the third Board of Directors, 13th Supervisory Committee meeting, and the 2024 Annual Shareholders’ Meeting held on April 23, 2025, and May 16, 2025, respectively. The guarantee amount does not exceed the authorized limit.

KeboDa Jiaxing Automotive Electronics’ application for credit from the bank and Zhejiang KeboDa’s guarantee to support it are to meet the company’s funding needs and facilitate business operations. Providing guarantees for KeboDa Jiaxing Automotive Electronics by Zhejiang KeboDa complies with the Company Law, Shanghai Stock Exchange Listing Rules, and other relevant laws, regulations, and the Articles of Association. The company agrees to this guarantee.

6. Total External Guarantees and Overdue Guarantees

As of the disclosure date, the total external guarantees of the company and its controlling subsidiaries amount to 1,606 million RMB, accounting for 30.64% of the latest audited net assets. All guarantees are provided by the company (including controlling subsidiaries) to its controlling subsidiaries, with no overdue guarantees.

This announcement is hereby made.

Board of Directors of KeboDa Technology Co., Ltd.

March 24, 2026