Overview of External Guarantees
Zhejiang Hailide New Materials Co., Ltd. (hereinafter referred to as "the Company") held the ninth meeting of the ninth board of directors on April 16, 2026, and the 2025 annual shareholders' meeting on May 11, 2026, where it approved the proposal to provide guarantees for loans within credit limits for subsidiaries. This decision was made to support the daily production operations and business expansion needs, as well as to facilitate the rapid development of subsidiaries and great-grandchildren companies. The Company will provide guarantees for loans to subsidiaries (not exceeding RMB 3.92 billion) and great-grandchildren companies (not exceeding USD 130 million). The validity period for the external guarantee limit is from the date of approval by the Company's 2025 annual shareholders' meeting until the next annual shareholders' meeting. For specific details, please refer to the announcements disclosed by the Company on April 18, 2026, and May 12, 2026, in the Securities Times and on the Giant Tide Information Network (http://cninfo.com.cn).