Ningbo Ligong Environmental Energy Technology Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.
Overview of the Guarantee Situation
On May 25, 2026, the Company signed a "Maximum Guarantee Contract" (Contract No.: Xingyin Yongbao (Gao) Zi No. K260056) with Industrial Bank Co., Ltd. Ningbo Branch (hereinafter referred to as "Industrial Bank Ningbo Branch"), undertaking a joint liability guarantee with a maximum limit of 100 million RMB for its wholly-owned subsidiary, Beijing Shangyang Dongfang Environmental Technology Co., Ltd. (hereinafter referred to as "Beijing Shangyang").
Review of the Guarantee
The Company held the 18th meeting of the 6th Board of Directors on August 21, 2025, and the second extraordinary general meeting of shareholders in 2025 on September 9, 2025, to review and approve the proposal on providing guarantee limits for wholly-owned subsidiaries. The Company provides a total guarantee limit not exceeding 100 million RMB for the subsidiary Beijing Shangyang, effective for one year from the date of approval by the second extraordinary general meeting of shareholders in 2025. For details, please refer to the Company's announcements disclosed in the "Securities Times," "Securities Daily," and the Giant Tide Information Network (www.cninfo.com.cn) regarding the guarantee limit for wholly-owned subsidiaries (Announcement No.: 2025-041), the resolution announcement of the 18th meeting of the 6th Board of Directors (Announcement No.: 2025-036), and the resolution announcement of the second extraordinary general meeting of shareholders in 2025 (Announcement No.: 2025-047). The guarantee provided by the Company for Beijing Shangyang is within the authorized limit of 100 million RMB mentioned above.