Jcet Group Co.Ltd(600584) : Jcet Group Co.Ltd(600584) announcement on the progress of the company’s guarantee for wholly-owned subsidiaries

Securities code: Jcet Group Co.Ltd(600584) securities abbreviation: Jcet Group Co.Ltd(600584) Announcement No.: pro 2022019 Jcet Group Co.Ltd(600584)

Announcement on the progress of the company’s guarantee for wholly-owned subsidiaries

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Important content tips:

1. Name of the guaranteed: Jcet Group Co.Ltd(600584) (Suqian) Co., Ltd. (hereinafter referred to as “Changdian Suqian”), Xingke Jinpeng semiconductor (Jiangyin) Co., Ltd. (hereinafter referred to as “Xingke Jinpeng Jiangyin”)

2. Cumulative amount of external guarantee: as of March 31, 2022, the cumulative guarantee balance of financing and other businesses of the company for wholly-owned subsidiaries was RMB 4.402 billion, and there was no other external guarantee.

3. Counter guarantee: None

4. Cumulative overdue amount of external guarantee: None

1、 Overview of guarantee

After the deliberation and approval of the seventh meeting of the seventh board of directors and the 2020 annual general meeting of shareholders, it is agreed that the company can provide guarantees with a total amount of no more than 10 billion yuan for wholly-owned subsidiaries before the 2021 annual general meeting of shareholders, including no more than 600 million yuan and 2 billion yuan for Changdian Suqian and Xingke Jinpeng Jiangyin respectively. For details, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) on April 29, 2021 and June 4, 2021 And the announcement of the company providing guarantee for the financing of wholly-owned subsidiaries in 2021 (Announcement No.: 2021025) and other relevant announcements disclosed in Shanghai Securities News and securities times.

Within the above guarantee limit, the company has recently provided guarantees for wholly-owned subsidiaries as follows:

Amount guaranteed by the creditor and the guarantor

Bank Of China Limited(601988) Suqian branch Changdian Suqian RMB 100 million

Bank Of Ningbo Co.Ltd(002142) Wuxi Branch Xingke Jinpeng Jiangyin USD 14.47 million

2、 Brief introduction of guarantee object

1. Jcet Group Co.Ltd(600584) (Suqian) Co., Ltd

It is a wholly-owned subsidiary of the company with a registered capital of RMB 1090 million. It is mainly engaged in the research, development, production and sales of semiconductors, electronic components and special electronic and electrical devices.

At the end of 2021, the total assets were 1746557900 yuan, the net assets were 1304924900 yuan, the operating income in 2021 was 1226727800 yuan, and the net profit was 154134800 yuan. (the above data has not been audited)

2. Xingke Jinpeng semiconductor (Jiangyin) Co., Ltd

It is an indirect wholly-owned subsidiary of the company with a registered capital of US $325 million, mainly engaged in integrated circuit research and design; BGA, PGA, CSP, MCM and other advanced packaging and testing, and provide relevant technical services.

At the end of 2021, the total assets were 4919564400 yuan, the net assets were 2319639600 yuan, the operating income in 2021 was 3720311500 yuan, and the net profit was 340146500 yuan.

3、 Main contents of the guarantee agreement

(I) Changdian Suqian

1. Maximum guarantee contract

1) Signed by:

Guarantor: Jcet Group Co.Ltd(600584)

Creditor: Bank Of China Limited(601988) Suqian branch

2) Maximum guarantee amount: RMB 100 million only

3) Guarantee mode: joint and several liability guarantee

4) Guarantee scope: the principal of the principal creditor’s right and its interest (including interest, compound interest and penalty interest), liquidated damages and damages actually incurred under the main contract, the expenses for realizing the creditor’s right (including but not limited to litigation expenses, lawyer’s expenses, notarization expenses, execution expenses, etc.), the losses caused to the creditor due to the debtor’s breach of contract and all other expenses payable (the specific amount shall be determined when it is paid off), etc.

5) Guarantee period: the guarantee period of the guaranteed debts under this contract shall be calculated separately one by one, and the guarantee period of each debt shall be three years from the expiration date of the performance period of the debt.

2. Credit line agreement

1) Signed by:

Party A: Jcet Group Co.Ltd(600584) (Suqian) Co., Ltd

Party B: Bank Of China Limited(601988) Suqian branch

2) Credit type and line: import L / C issuance, RMB 100 million only

3) Credit term: from the effective date of this agreement to November 25, 2022

Within the service life of the credit line agreed in this agreement, Party A can recycle the credit line.

(II) Xingke Jinpeng Jiangyin

1. Guarantee contract

1) Signed by:

Guarantor: Jcet Group Co.Ltd(600584)

Creditor: Bank Of Ningbo Co.Ltd(002142) Wuxi Branch

2) Loan amount: USD fourteen million four hundred and seventy thousand only

3) Guarantee mode: joint and several liability guarantee

4) Scope of guarantee: the principal of the principal creditor’s right under the main contract and its interest, overdue interest, compound interest, penalty interest, liquidated damages, damages and legal fees, preservation fees, execution fees, lawyer fees, travel expenses and other expenses for realizing the creditor’s right, double interest during the delayed performance of effective legal documents and all other expenses payable.

5) Guarantee period: two years from the date of expiration of the debtor’s debt performance period agreed in the main contract. If the main contract stipulates that the debts are due in several installments, the guarantee period shall be two years from the date of expiration of the performance period of each debt.

2. Working capital loan contract

1) Signed by:

Borrower: Xingke Jinpeng semiconductor (Jiangyin) Co., Ltd

Lender: Bank Of Ningbo Co.Ltd(002142) Wuxi Branch

2) Loan type and amount: short-term current loan, USD fourteen million four hundred and seventy thousand only

3) Loan term: 12 months

4、 Opinions of the board of directors

The existing guarantees of the company are provided to wholly-owned subsidiaries. These guarantees support the production and operation development of subordinate companies. The company has a full understanding of the repayment ability of these companies and the financial risk is within the controllable range.

5、 Cumulative amount of external guarantee and amount of overdue guarantee

Up to now, the company’s external guarantees are all guarantees to its wholly-owned subsidiaries, and the cumulative external guarantee balance is RMB 4.402 billion, without other external guarantees.

The company has no overdue guarantee.

It is hereby announced!

Jcet Group Co.Ltd(600584) board of directors April 5, 2002

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