Jinpu Titanium Industry Co., Ltd. (hereinafter referred to as "Jinpu Titanium" or "the Company") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
I. Overview of Loans and Guarantees
At the 36th meeting of the 8th Board of Directors and the first extraordinary general meeting of shareholders in 2025, Jinpu Titanium and its subsidiaries were approved to provide guarantees for their subsidiaries (including wholly-owned subsidiaries, holding subsidiaries, and joint ventures) with a limit not exceeding RMB 1.259 billion. The guarantee scope includes but is not limited to applying for comprehensive bank credit, loans, acceptance bills, and other financing or conducting other daily business operations. The guarantee methods include but are not limited to credit guarantees, asset pledges, and counter-guarantees. For specific details, please refer to the announcements published on February 14, 2025, and March 3, 2025, in the Securities Times, China Securities Journal, and the Giant Tide Information Network (www.cninfo.com.cn) regarding the expected guarantee limits for 2025 (Announcement No.: 2025-010) and the resolution of the first extraordinary general meeting of shareholders in 2025 (Announcement No.: 2025-019).
II. Progress of Loans and Guarantees
Due to operational needs, in February 2025, Xuzhou Titanium White Chemical Co., Ltd. (hereinafter referred to as "Xuzhou Titanium") applied for a credit line of RMB 55 million from the Xuzhou Branch of Bank of Communications Co., Ltd. The Company and its wholly-owned subsidiary Nanjing Titanium provided joint liability guarantees for the credit line, while Xuzhou Titanium provided collateral guarantees. On February 23, 2026, RMB 15 million of the aforementioned bank credit is about to expire, and Xuzhou Titanium has applied to extend a loan of RMB 14.9 million from Bank of Communications, with the new due date set for May 23, 2026. The Company, Nanjing Titanium, and Xuzhou Titanium will continue to provide guarantees for this loan extension under the original guarantee methods. This extension of the bank loan for the wholly-owned subsidiary will not increase the total guarantee amount or the actual guarantee balance of the Company.