Announcement on Progress of Guarantees Provided by Nanjing Chengzhi for Chengzhi Yongqing
The Company and the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.
Chengzhi Co., Ltd. (hereinafter referred to as the "Company") at its Eighth Board of Directors' Eleventh Meeting and the Company's 2024 Annual General Meeting of Shareholders deliberated and approved the "Proposal on Guarantees Provided by Subsidiary Nanjing Chengzhi for Chengzhi Yongqing and Chengzhi New Materials in 2025". For details, please refer to the "Announcement on Guarantees for Holding Subsidiaries" disclosed by the Company on March 27, 2025 (Announcement No.: 2025-013). The progress of the guarantee matters for Nanjing Chengzhi Clean Energy Co., Ltd. (hereinafter referred to as "Nanjing Chengzhi"), a wholly-owned subsidiary of the Company, for its wholly-owned subsidiary Nanjing Chengzhi Yongqing Energy Technology Co., Ltd. (hereinafter referred to as "Chengzhi Yongqing") is hereby announced as follows:
I. Overview of Guarantee Situation
On May 30, 2025, Nanjing Chengzhi signed a "Guarantee Contract" with Bank of Communications Co., Ltd. Jiangsu Branch, providing a guarantee for the working capital loan applied by Chengzhi Yongqing from Bank of Communications Co., Ltd. Jiangsu Branch. The guaranteed principal amount is RMB 200 million.
II. Main Contents of the Guarantee Agreement
Guarantee Contract signed by Nanjing Chengzhi and Bank of Communications Co., Ltd. Jiangsu Branch