Securities code: 600237 Securities for short: Tongfeng Electronic Announcement Number: Lin 2022-023
Anhui Tongfeng Electronics Co., Ltd. on the wholly-owned subsidiary - Anhui Tongfeng Trade Import and Export Co., Ltd. to provide guarantee progress announcement

The board of directors and all the directors of the Company warrant that there is no false record, misleading statement or material omission in the content of this announcement, and bear individual and joint liability for the authenticity, accuracy and completeness of the content.

Important content Tips:

Name of Guarantor: wholly-owned subsidiary -- Anhui Tongfeng World Trade Import and Export Co., LTD
l The amount of the guarantee and the balance of the guarantee actually provided for it: The maximum limit of the guarantee provided for Anhui Tongfeng World Trade Import and Export Co., Ltd. is RMB 55 million. Up to now, the guarantee balance provided by the company for Anhui Tongfeng World Trade Import and Export Co., Ltd. is 17.66 million yuan.
l Whether there is a counterguarantee in this guarantee: No
l Total amount of external guarantee: RMB 62.16 million (excluding this guarantee)
l Accumulative amount of overdue external guarantee: none

I. Overview of the guarantee situation

On February 11, 2022, the ninth meeting of the ninth Board of Directors of Anhui Tongfeng Electronics Co., LTD. (hereinafter referred to as the "Company" or the "Company") deliberated and approved the Proposal on the expected guarantee amount for wholly-owned and controlling subsidiaries in 2022. It agrees that the Company shall provide a comprehensive credit guarantee with a total limit of RMB 20,000 yuan for the wholly-owned and controlling subsidiaries to guarantee the revolving business types of the working capital of each subsidiary, among which it agrees to provide a guarantee limit of RMB 80 million yuan for the wholly-owned subsidiary Anhui Tongfeng WTO Import and Export Co., LTD. (hereinafter referred to as "Tongfeng WTO"). The above authorization guarantee shall be valid within one year from the date of approval by the Board of Directors (see the Company's announcement on the Shanghai Stock Exchange website and the Company's media on February 12, 2022 for details).
Recently, the company and Huishang Bank Tongling Beijing Road branch signed a "guarantee contract", the company will provide a maximum limit of RMB 55 million for Tongfeng WTO to apply for loans in the bank, the guarantee period is three years, the guarantee way is joint and several liability guarantee.

Ii. Basic Information of the Guaranteed

Established on April 29, 2008, Tongfeng World Trade Center is a limited liability company (sole legal person invested or held by no natural person). Its domicile is No. 399, West Section of Cuihu Third Road, Tongling City, Anhui Province. With a registered capital of 10,000 million yuan, Tongfeng is a wholly-owned subsidiary of the company. The company is mainly engaged in the import and export trade business of all kinds of commodities and technologies, including import, processing and compensation trade of electronics, chemicals, machinery and equipment, auto parts (except the import and export commodities and technologies restricted or prohibited by the state, involving the license or special item approval with valid certificates).
Copper peak trade in the latest year and a period of financial statements data

(Unit: Yuan Currency: RMB)

The financial statements of the above one year and one period are detailed in the company's announcement on the website of Shanghai Stock Exchange on April 26, 2022.

Iii. Main contents of the guarantee Agreement

The company will provide a guarantee with a maximum limit of RMB 55 million for the loan application of its wholly-owned subsidiary Tongfeng World Trade Organization at Huishang Bank Tongling Beijing Road Branch. The guarantee method is joint and several liability guarantee with a term of three years. The specific business elements of this guarantee are subject to the relevant contract text signed with the bank.

Iv. Opinions of the Board of Directors

The board of directors believes that: the wholly-owned subsidiary Tongfeng WTO is currently mainly responsible for the import and export business of the company, acting as the agent for the import of raw materials, equipment and accessories required by the production of the company and the export business of products. The guarantee provided for Tongfeng WTO will mainly be used to meet the company's demand for funds in the relevant import and export business of the agency of the company, so as to guarantee the needs of the company's production and operation, which is conducive to the stable operation of the company's production and operation. Copper Peak World Trade for the company's wholly-owned subsidiary, the relevant security risks can be controlled.

5. The accumulative amount of external guarantees and the overdue amount of guarantees

Up to now, the cumulative total amount of the company's external guarantees is 62.16 million yuan (excluding this guarantee), accounting for 5.40% of the company's audited net assets attributable to the parent company in 2021. All the above guarantees are for the holding subsidiaries. The company has no overdue external guarantee.

Vi. File directory for reference

1. Copy of Business license of Tongfeng World Trade Organization;
2. The financial statement of the latest year and the first period of Copper Peak WTO.
This is to announce.