On September 2, Victory Giant Technology (Huizhou) Co., Ltd. (SZSE: 300476) disclosed that its two wholly-owned third-tier subsidiaries, Hunan Victory Technology Circuit Board Co., Ltd. and Hunan Victory Technology Co., Ltd., recently signed separate "Maximum Guarantee Contracts" with the Changsha Branch of China CITIC Bank. Under these agreements, each company provides joint and several liability guarantee for the other's borrowings from the bank.

Specifically, Victory Technology Circuit Board is providing a 20 million yuan joint liability guarantee for Victory Technology, while Victory Technology is offering a 10 million yuan guarantee for Victory Technology Circuit Board. Both contracts' guarantee periods run for three years from the expiry date of the debt performance obligations under the underlying loan agreements.

Following these new guarantees, Victory Technology Circuit Board's outstanding guarantee balance for Victory Technology stands at 260 million yuan, while Victory Technology's outstanding guarantee for Victory Technology Circuit Board is 220 million yuan. The remaining available guarantee capacity for both subsidiaries has been fully utilized, reducing to zero.

These guarantees fall within the projected limits for fiscal year 2026. The company's board of directors and an extraordinary shareholders' meeting, convened on January 12 and January 28 respectively, approved the 2026 guarantee quota proposal, setting a total guarantee ceiling of no more than 2.63445 billion yuan. This quota remains effective for twelve months following the shareholders' approval. Consequently, the current guarantees do not require another round of board or shareholder authorization.

As of the announcement date, the cumulative actual guarantee balance provided by the company and its controlled subsidiaries totals 2.244 billion yuan. Of this amount, 1.111 billion yuan (111,195.04 ten-thousand yuan) stems from mutual guarantees between subsidiaries, representing 13.51% of the company's audited net assets as of December 31, 2025.

The announcement also detailed the financial standing of both guaranteed parties: Hunan Victory Technology Co., Ltd. posted audited revenue of 1.282 billion yuan and net profit of 90.76 million yuan for 2025. Meanwhile, Hunan Victory Technology Circuit Board Co., Ltd. reported audited revenue of 780.68 million yuan and net profit of 109.49 million yuan for the same period.

The company noted in its filing that neither it nor its controlled subsidiaries have provided guarantees to entities outside the consolidated reporting scope. Furthermore, there are no overdue guarantees, guarantees tied to litigation, or losses arising from adverse judgments related to guarantee obligations.