Announcement on the Guarantee Provided by Wholly-Owned Subsidiary Shenlian Environmental Group for Lanxi Zili
Zhejiang Fuhua Holdings Group Co., Ltd. and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or major omissions.
Special Reminder: The guaranteed party, Lanxi Zili, is a wholly-owned subsidiary of the company, with a recent asset-liability ratio exceeding 70%. The guarantee provided by subsidiaries within the consolidated financial statements has been approved by the second meeting of the seventh board of directors and the 2025 annual shareholders' meeting.
As of the date of this announcement, the company and its controlling subsidiaries have not provided guarantees to entities outside the consolidated financial statements, have no overdue guarantees, are not involved in any litigation related to guarantees, and have not incurred losses due to guarantees resulting in adverse judgments. Investors are advised to pay close attention to investment risks.
Overview of the Guarantee Situation
To meet the operational needs of its subsidiary, Zhejiang Fuhua Holdings Group Co., Ltd. (hereinafter referred to as "the Company") has recently signed a "Maximum Guarantee Contract" with Hangzhou Bank Co., Ltd. Tonglu Branch. This contract provides a joint liability guarantee for Lanxi Zili Environmental Technology Co., Ltd. (hereinafter referred to as "Lanxi Zili"), a wholly-owned subsidiary within the company's consolidated financial statements, for a maximum balance of 88 million RMB (in words: Eighty-Eight Million Yuan). The guarantee period is three years from the debt performance deadline. This guarantee has been approved by the shareholders of Shenlian Environmental Group.