Securities Code: 002012 Securities Abbreviation: Kainen Shares Announcement No.: 2026-005
Zhejiang Kainen Special Materials Co., Ltd. Announcement on Providing Guarantees to External Parties
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and are free from any false representations, misleading statements, or material omissions.
I. Overview of Guarantee Situation
Zhejiang Kainen Special Materials Co., Ltd. (hereinafter referred to as the "Company") held the seventh meeting of the tenth Board of Directors on March 24, 2026, and deliberated and passed the "Proposal on Providing Guarantees to External Parties." To ensure the funding needs of its holding subsidiary, the Company intends to provide a guarantee line of up to RMB 80 million for its holding subsidiary, Zhejiang Kaifeng New Materials Co., Ltd. (hereinafter referred to as "Kaifeng New Materials"). The validity period of the guarantee line is 12 months from the date of deliberation and approval by the 2025 Annual Shareholders' Meeting. Guarantees within the aforementioned line will be executed in installments by the Chairman or his designated representatives based on the actual situation, and relevant guarantee documents will be signed.
II. Projected Guarantee Quota Situation is as follows:
| Guarantor | Guaranteed Party | Shareholding Ratio of Guarantor | Debt-to-Asset Ratio of Guaranteed Party (Latest Period) | Outstanding Guarantee Balance (RMB million) | Newly Added Guarantee Quota (RMB million) | Guarantee Quota as a Percentage of Company's Net Assets (Latest Period) | Whether Related Party Guarantee |
|---|---|---|---|---|---|---|---|
| Company | Kaifeng New Materials | 60% | 26.67% | 1,157.43 | 8,000 | 5.14% | No |