Securities Code: 002353 Securities Abbreviation: Jereh Group Announcement No.: 2026-028
Yantai Jereh Oilfield Services Group Co., Ltd. Announcement on Guarantee for Company and Subsidiary Sales Business to Customers
The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and do not have any false records, misleading statements, or significant omissions.
Yantai Jereh Oilfield Services Group Co., Ltd. (hereinafter referred to as the "Company") held the third meeting of the seventh Board of Directors on April 15, 2026, and reviewed and approved the "Proposal on Providing Guarantees for the Company and its Subsidiaries' Sales Business to Customers." The details are as follows:
I. Overview of Guarantees
To further enrich the Company's marketing methods, expand sales scale, reduce accounts receivable and inventory capital occupation, and ensure the safety of the Company's cash flow, based on the needs of the Company and its subsidiaries' business development and production operations, and in conjunction with the business market and the Company's actual situation, the Company and its subsidiaries plan to provide guarantees for bank loans and financing leases related to sales business for customers who purchase products from the Company and its subsidiaries, through cooperative financial institutions such as commercial banks and financial leasing companies (hereinafter referred to as "Cooperative Financial Institutions"). The total guarantee limit will not exceed RMB 3 billion.