Runze Technology Plans up to RMB 50 Billion in New Guarantees, Total Cap to Reach RMB 82.071 Billion

Runze Technology announced on the evening of September 14, 2026 that its board of directors has approved a proposal to add up to RMB 50 billion in guarantee capacity for its subsidiaries and sub-subsidiaries, on top of the existing limit of no more than RMB 15 billion.

The new guarantees are intended to meet the day-to-day operating and business development funding needs of the company and its subsidiaries and sub-subsidiaries. All guaranteed parties are wholly owned or controlled subsidiaries and sub-subsidiaries included in the company's consolidated financial statements. The company said it has comprehensively assessed the asset quality, operating conditions, industry prospects, debt-servicing capacity and credit standing of the guaranteed parties. These entities currently have stable production and operations and are capable of servicing their debts, and the company can effectively manage and control their operations, keeping the guarantee risk within a controllable range.

The company also disclosed a special risk warning: the total guarantees provided by the company and its subsidiaries and sub-subsidiaries exceed 100% of its audited net assets for the most recent period, and the amount guaranteed for entities with an asset-liability ratio above 70% exceeds 50% of the company's audited net assets for the most recent period. As of August 31, 2026, the total external guarantee contracts signed and still valid by Runze Technology and its controlled subsidiaries and sub-subsidiaries amounted to RMB 32.071 billion, with a total guarantee balance of RMB 24.475 billion, representing 234.84% and 179.22% of the company's audited net assets for the most recent period. If the new guarantee proposal is approved, based on the upper limit of the guarantee amount, the total external guarantees of the company and its controlled subsidiaries and sub-subsidiaries would be RMB 82.071 billion, accounting for 600.97% of the company's audited net assets for the most recent period.

Among its businesses, the AIDC computing power business generated operating revenue of RMB 1.995 billion, up 126.24% year on year, accounting for 53.26% of the company's operating revenue. As of the end of the reporting period, the company's total assets were close to RMB 50 billion, with an asset-liability ratio below 65%.

At an earnings briefing held on August 28, 2026, the company said its overall capital reserves are sufficient and its financial structure is sound, which can match the high investment needs of its computing power business. It will subsequently make a comprehensive judgment on the scale of investment based on server hardware prices, supply chain conditions and customer orders.