The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
Special Risk Warning: The total amount of external guarantees provided by the company and its subsidiaries exceeds 100% of the latest audited net assets; guarantees for units with a debt-to-asset ratio exceeding 70% exceed 50% of the latest audited net assets. Investors are advised to pay attention to the risks.
1. Overview of Guarantees
Yuan Da Industrial Holdings Co., Ltd. (hereinafter referred to as "the Company") has signed contracts with banks to provide guarantees for credit applications of its subsidiaries, with a guarantee amount not exceeding 2.33 billion yuan. The specific amounts of the guarantees are as follows:
- The Company provides guarantees for its wholly-owned subsidiary Yuan Da Material Group Co., Ltd. (hereinafter referred to as "Yuan Da Material") for credit applications to the Ningbo branch of Industrial and Commercial Bank of China (ICBC) and the Ningbo branch of CITIC Bank, with guarantee amounts not exceeding 300 million yuan and 50 million yuan, respectively.
- The Company provides guarantees for its wholly-owned subsidiary Yuan Da International (Hong Kong) Co., Ltd. (hereinafter referred to as "Yuan Da Hong Kong") for credit applications to ICBC and CITIC Bank, with guarantee amounts not exceeding 400 million yuan and 100 million yuan, respectively.
- The Company provides guarantees for its holding subsidiary Yuan Da Petrochemical Co., Ltd. (hereinafter referred to as "Yuan Da Petrochemical") for credit applications to ICBC and CITIC Bank, with guarantee amounts not exceeding 300 million yuan and 150 million yuan, respectively.
- The Company provides guarantees for its holding subsidiaries Yuan Da Changrui Resources (Zhejiang) Co., Ltd. (hereinafter referred to as "Yuan Da Changrui"), Zhejiang Xinjing Import and Export Co., Ltd. (hereinafter referred to as "Zhejiang Xinjing"), Yuan Da Energy Chemical Co., Ltd. (hereinafter referred to as "Yuan Da Energy Chemical"), Yuan Da Energy Chemical (Singapore) Co., Ltd. (hereinafter referred to as "Yuan Da Energy Chemical (Singapore)"), and its wholly-owned subsidiary Yuan Da Shengshui Resources Co., Ltd. (hereinafter referred to as "Yuan Da Shengshui") for credit applications to ICBC, with guarantee amounts not exceeding 300 million yuan, 200 million yuan, 300 million yuan, 80 million yuan, and 150 million yuan, respectively.
The Company held the 10th meeting of the 11th Board of Directors and the second extraordinary general meeting of shareholders for 2025 on December 12 and December 29, 2025, respectively, approving the proposal on the expected guarantee limits for subsidiaries in 2026. Details can be found in the Company's announcements published on December 13 and December 30, 2025, in "China Securities Journal," "Securities Times," and the Giant Tide Information Network (http://www.cninfo.com.cn). This guarantee is within the approved limits and does not require further review.