Announcement on Providing Guarantees for Subsidiaries in 2026
Jiangxi Black Cat Carbon Black Co., Ltd. and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Special Reminder: This guarantee may involve providing guarantees for subsidiaries with a debt-to-asset ratio exceeding 70%, which requires submission to the shareholders' meeting for approval. Investors are advised to pay attention to investment risks.
Definitions:
- Company, Jiangxi Black Cat: Jiangxi Black Cat Carbon Black Co., Ltd.
- Anhui Black Cat: Anhui Black Cat New Materials Co., Ltd.
- Hancheng Black Cat: Hancheng Black Cat Carbon Black Co., Ltd.
- Liaoning Black Cat: Liaoning Black Cat Composite New Materials Technology Co., Ltd.
- Wuhai Black Cat: Wuhai Black Cat Carbon Black Co., Ltd.
- Chaoyang Black Cat: Chaoyang Black Cat Wuxingqi Carbon Black Co., Ltd.
- Handan Black Cat: Handan Black Cat Carbon Black Co., Ltd.
- Tangshan Black Cat: Tangshan Black Cat Carbon Black Co., Ltd.
- Jining Black Cat: Jining Black Cat Carbon Black Co., Ltd.
- Black Cat High Performance: Jiangxi Black Cat High Performance Materials Co., Ltd.
- Black Cat Nano: Jiangxi Black Cat Nano Materials Technology Co., Ltd.
1. Overview of the Guarantee Situation
(1) Basic Information
To meet the operational and business development funding needs of the company and its subsidiaries, and to ensure smooth business operations, the company's controlling subsidiaries, including Chaoyang Black Cat, Wuhai Black Cat, Handan Black Cat, Tangshan Black Cat, Anhui Black Cat, Black Cat Nano, Liaoning Black Cat, and wholly-owned subsidiaries Jining Black Cat, Hancheng Black Cat, and Black Cat High Performance, plan to apply for credit totaling 1.859 billion yuan from various banks based on the production and operational needs for 2026. Jiangxi Black Cat intends to provide joint liability guarantees for 1.814 billion yuan of the aforementioned credit amount, subject to the contracts signed with the banks.
(2) Review Procedures
The proposal for providing guarantees for subsidiaries in 2026 was approved at the seventh meeting of the eighth board of directors held on February 27, 2026. The company and its subsidiaries agreed to provide the aforementioned guarantees. According to relevant laws and regulations and the company's articles of association, this external guarantee matter falls within the decision-making authority of the shareholders' meeting and requires submission for shareholder review. This matter does not constitute a related party transaction.