Remote Cable Co., Ltd. Announcement on Cumulative Litigation and Arbitration Matters

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2026-03-28 19:17:50

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Stock code: 002692 Stock abbreviation: Yuancheng Co., Ltd. (Rights Protection) Announcement No.: 2026-017

Yuancheng Cable Co., Ltd.

Announcement on Cumulative Litigation and Arbitration Matters

The company and all members of the board of directors guarantee that the content of the information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.

Yuancheng Cable Co., Ltd. (hereinafter referred to as the “Company”) has statistically compiled the litigation and arbitration matters that have occurred continuously for twelve months for the company and its controlling subsidiaries in accordance with the relevant provisions of the “Shenzhen Stock Exchange Stock Listing Rules.” The announcement of relevant matters is as follows:

I. Basic Situation of Cumulative Litigation and Arbitration Matters

As of the date of this announcement, except for the previously disclosed related litigation matters, the total amount involved in the cumulative litigation and arbitration matters of the company and its subsidiaries over the past twelve months is 162 million yuan, accounting for 13.79% of the company’s most recent audited net assets. In the litigation/arbitration cases disclosed this time, neither the company nor its subsidiaries have any individual cases with an amount involved exceeding 10% of the absolute value of the company’s most recent audited net assets, nor any significant litigation or arbitration matters where the absolute amount exceeds 10 million yuan. Please refer to the attachment for specific details.

II. Other Undisclosed Litigation and Arbitration Matters

As of the date of this announcement, the company has no other litigation or arbitration matters that should be disclosed but have not been disclosed.

III. Possible Impact of the Litigation and Arbitration Matters Announced This Time on the Company’s Current or Future Profit

The litigation and arbitration matters involved in this announcement mainly concern the company and its subsidiaries as plaintiffs requiring the counterparty to pay overdue payments to the company, which is beneficial for improving the company’s asset quality, financial condition, and operating performance. The company will actively protect its legal interests through litigation and other legal means, continuously strengthen the collection of accounts receivable, ensure the normal conduct of business activities, and reduce the impact of the provisions for bad debts on the company’s profits.

Given that some cases are still pending trial or have not yet been concluded, and some litigation cases have not yet been fully executed, the impact on the company’s current or future profits remains uncertain. The company will carry out corresponding accounting treatment based on the requirements of accounting standards and the actual situation at that time. The company will closely monitor the subsequent progress of the cases and fulfill its information disclosure obligations in a timely manner. Investors are advised to pay attention to investment risks.

IV. Documents for Reference

Complaint, arbitration application, payment notice, mediation document;
Statistics table of cumulative litigation and arbitration cases.

This is a special announcement.

Yuancheng Cable Co., Ltd.

Board of Directors

March 26, 2026

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Note: There are a total of 12 other small litigation cases, amounting to 2.7496 million yuan, all involving amounts less than 2 million yuan.

Stock code: 002692 Stock abbreviation: Yuancheng Co., Ltd. Announcement No.: 2026-016

Yuancheng Cable Co., Ltd.

Progress Announcement on Expected Guarantee Amount for 2026

I. Overview of Guarantee Situation

Yuancheng Cable Co., Ltd. (hereinafter referred to as the “Company”) held the twenty-fifth meeting of the fifth board of directors on February 3, 2026, to review and approve the proposal on the expected guarantee amount for the wholly-owned subsidiary for 2026. In order to support the operational development needs of its subsidiaries, the company intends to provide guarantees for its wholly-owned subsidiaries Yuancheng Composite New Materials (Jiangsu) Co., Ltd. (hereinafter referred to as “Yuancheng Composite”) and Wuxi Sunan Cable Co., Ltd. (hereinafter referred to as “Sunan Cable”) to obtain financing or other business from financial institutions including Bank of China Co., Ltd., Agricultural Bank of China Co., Ltd., Industrial and Commercial Bank of China Co., Ltd., China Construction Bank Co., Ltd., Bank of Communications Co., Ltd., Suzhou Bank Co., Ltd., Jiangsu Bank Co., Ltd., China Merchants Bank Co., Ltd., Industrial Bank Co., Ltd., Ningbo Bank Co., Ltd., China CITIC Bank Co., Ltd., China Everbright Bank Co., Ltd., and Hengfeng Bank Co., Ltd., with the total expected guarantee amount not exceeding 500 million yuan, of which the guarantee for Yuancheng Composite does not exceed 100 million yuan, and the guarantee for Sunan Cable does not exceed 400 million yuan. This guarantee matter was approved by the first extraordinary general meeting of shareholders for 2026 held on February 24, 2026.

The guarantees for Yuancheng Composite and Sunan Cable include but are not limited to bank working capital loans, project loans, bank bills, letters of guarantee, letters of credit, and other businesses that require the company to provide guarantees for its subsidiaries. The company intends to provide guarantee guarantees for the above borrowing businesses of Yuancheng Composite and Sunan Cable, with the validity period of the guarantee amount effective for one year from the date of the general meeting’s approval. The aforementioned guarantee amount can be reused.

For specific details, please refer to the announcement on the expected guarantee amount for the wholly-owned subsidiary for 2026 disclosed by the company on February 5, 2026 (Announcement No.: 2026-007).

II. Progress of Guarantee

The company provided a guarantee for Sunan Cable in applying for a loan of 10 million yuan from the Wuxi branch of Nanjing Bank Co., Ltd. This guarantee falls within the scope of the approved guarantee matters, and the guarantee amount is within the range of the guarantee amount provided by the company for its subsidiaries in 2026, so there is no need to submit it for further review by the company’s board of directors. The specific situation of the guaranteed party Sunan Cable before and after the use of this guarantee amount is as follows:

Unit: Ten thousand yuan

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III. Basic Information of the Guaranteed Party

Guaranteed Party: Wuxi Sunan Cable Co., Ltd.

Establishment Date: May 11, 2005

Address: No. 28 Xingye Avenue, Zhenlong Village, Yangxiang Town, Yixing City

Legal Representative: Yu Zhaopeng

Registered Capital: 138 million yuan

Unified Social Credit Code: 91320282773216196D

Company Type: Limited Liability Company

Relationship with the Company: The company holds 100% of the shares, making it a wholly-owned subsidiary of the company.

Business Scope: Manufacturing and sales of wires and cables; plastic granulation, metal wire drawing, and processing and sales of copper strips; processing and manufacturing of cable reels. (Projects subject to approval by law can only be carried out after approval by relevant departments)

Main Financial Data:

Unit: Ten thousand yuan

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Sunan Cable has a good credit status and is not listed as a dishonest person subject to enforcement.

IV. Main Contents of the Signed Guarantee Agreement

Creditor: Wuxi Branch of Nanjing Bank Co., Ltd.
Guarantor: Yuancheng Cable Co., Ltd.
Guaranteed Party (Debtor): Wuxi Sunan Cable Co., Ltd.
Guarantee Amount: 10 million yuan
Guarantee Method: Joint Liability Guarantee
Guarantee Period: Three years from the date the main contract’s debt performance period expires. If the main contract’s debt is extended, the guarantee period will be three years from the expiration of the redefined debt performance period in the extension agreement; if the main contract’s debts are due in batches, the guarantee period for each batch of debts will be three years from the expiration of that batch of debts; if Party A realizes its claims or terminates the main contract in accordance with laws, regulations, and the provisions of the main contract, the guarantee period will be three years from the date of early expiration of the debt or three years from the date of termination of the main contract.
Guarantee Scope: The principal claim and interest (including compound interest and penalty interest, the same below), penalty, compensation for damages, other amounts payable by the debtor under the main contract, and costs incurred by the creditor to realize its claim.

The costs referred to in this contract as “costs incurred by the creditor to realize its claim” include but are not limited to attorney fees, litigation fees, arbitration fees, appraisal fees, property preservation fees, enforcement fees, notarization fees, assessment fees, auction fees, announcement fees, delivery fees, travel expenses, insurance fees, storage and warehousing fees, inquiry fees, deposit fees, transfer handling fees and taxes, remittance handling fees, and costs for safeguarding the guarantee property and realizing the security rights.

V. Total Number of External Guarantees and the Number of Overdue Guarantees

After this guarantee, the total guarantee amount of the company and its controlling subsidiaries is 650 million yuan, and the actual total balance of external guarantees for the company and its controlling subsidiaries after this guarantee is 220 million yuan, which accounts for 18.73% of the company’s most recent audited net assets.

This is a special announcement.

Yuancheng Cable Co., Ltd.

Board of Directors

March 26, 2026

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