002201SZSE

Progress Announcement on Guarantees

Jiangsu Jiuding New Material Co., Ltd.·

✨ AI Summary

Jiangsu Jiuding New Materials Co., Ltd. announced that its wholly-owned subsidiary, Jiuding Materials, has signed a loan agreement with ICBC Rugao Branch for a loan of RMB 5 million, guaranteed by the company. Additionally, a bank acceptance agreement for RMB 15 million was signed, also guaranteed by the company. The total external guarantees now amount to RMB 226.016 million, representing 20.59% of the company's latest audited net assets, with no overdue guarantees.

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Full Translation

AI Translation· azure_openai

I. Overview of Guarantee Matters

Jiangsu Jiuding New Materials Co., Ltd. (hereinafter referred to as "the Company") held its 11th Board of Directors' second meeting on April 18, 2025, and the 2024 Annual General Meeting on May 15, 2025, where it approved the proposal regarding the estimated guarantee limit for 2025. The Company agreed to provide a total guarantee amount not exceeding RMB 500 million for its wholly-owned subsidiary, Jiuding Materials Co., Ltd. (hereinafter referred to as "Jiuding Materials"). For specific details, please refer to the announcements disclosed by the Company on April 22, 2025, and May 16, 2025, in the Securities Times and on the Giant Tide Information Network (http://www.cninfo.com.cn): "Announcement of the Resolutions of the 11th Board of Directors' Second Meeting" (Announcement No.: 2025-14), "Announcement on the Estimated Guarantee Limit for 2025" (Announcement No.: 2025-22), and "Announcement of the Resolutions of the 2024 Annual General Meetin

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