Beijing Oriental Yuhong Waterproof Technology Co., Ltd. (hereinafter referred to as "the Company") and the entire board of directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
I. Overview of the Guarantee Situation
(1) Basic Situation of the Guarantee
The Company has signed a "Maximum Guarantee Contract" with the Bank of China Puyang Zhongyuan Oilfield Branch (hereinafter referred to as "Bank of China Puyang Zhongyuan Oilfield Branch"), providing a joint liability guarantee for a series of debts under the main contract between the Bank of China Puyang Zhongyuan Oilfield Branch and the Company's wholly-owned subsidiary, Henan Oriental Yuhong Building Materials Co., Ltd. (hereinafter referred to as "Henan Oriental Yuhong"). The guarantee period is three years from the expiration date of each debt. The maximum principal balance of the aforementioned guarantee is RMB 190 million.
(2) Review of the Guarantee
The Company approved the proposal to provide guarantees for its subsidiaries to apply for comprehensive credit from banks and other financial institutions at the 28th meeting of the 8th Board of Directors held on February 27, 2025, and at the 2024 Annual General Meeting held on March 21, 2025. The total amount of guarantees provided by the Company and its wholly-owned and controlling subsidiaries for their subsidiaries is not to exceed RMB 26 billion, with the guarantee amount for Henan Oriental Yuhong not exceeding RMB 200 million. Specific details can be found in the announcements published on February 28, 2025, and March 22, 2025, in the designated information disclosure media "Securities Times," "China Securities Journal," and the Giant Tide Information Network (http://www.cninfo.com.cn).