Anhui Chujiang Technology New Materials Co., Ltd. (hereinafter referred to as "the Company" or "Chujiang New Materials") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
1. Overview of Guarantees
On March 15, 2025, and April 11, 2025, the Company held the 32nd meeting of the 6th Board of Directors and the 2024 Annual General Meeting, respectively, to review and approve the proposal to provide guarantees for the bank credit applications of its subsidiaries and joint subsidiaries, agreeing to provide a total joint liability guarantee not exceeding 1,080 million yuan. Among them, the Company provides a joint liability guarantee not exceeding 210 million yuan for its wholly-owned subsidiary Anhui Chujiang High-tech Electric Materials Co., Ltd. (hereinafter referred to as "Chujiang Electric Materials"). The specific details of the guarantees are disclosed in the Company's announcements dated March 18, 2025, and April 12, 2025 (Announcement No.: 2025-021) and other related announcements.
2. Progress of Guarantees
(1) Progress of this Guarantee
According to the production and operational needs of its wholly-owned subsidiary Chujiang Electric Materials, the Company recently signed guarantee contracts with the following banks:
- A joint liability guarantee for the application of a comprehensive credit limit of 40 million yuan to Hangzhou Bank Co., Ltd. Lujiang Branch (hereinafter referred to as "Hangzhou Bank Lujiang Branch"). The Company signed a "Maximum Guarantee Contract" with Hangzhou Bank Lujiang Branch.
- A joint liability guarantee for the application of a comprehensive credit limit of 100 million yuan to GF Securities Co., Ltd. Wuhu Branch (hereinafter referred to as "GF Securities Wuhu Branch"). The Company signed a "Maximum Guarantee Contract" with GF Securities Wuhu Branch.
- A joint liability guarantee for the application of a comprehensive credit limit of 50 million yuan to Bank of Communications Co., Ltd. Wuhu Branch (hereinafter referred to as "Bank of Communications Wuhu Branch"). The Company signed a "Guarantee Contract" with Bank of Communications Wuhu Branch.
Before this guarantee, the Company's guarantee balance for Chujiang Electric Materials was 171.16 million yuan, and after this guarantee, the balance is 190.16 million yuan. The above guarantee matters are within the approved guarantee limit reviewed by the 32nd meeting of the 6th Board of Directors and the 2024 Annual General Meeting, and do not require further review by the Company's Board of Directors or shareholders.