Securities Code: 002388 Securities Abbreviation: New Asia Enterprises Announcement Number: 2026-012 New Asia Enterprises (Zhejiang) Co., Ltd. Supplementary Announcement on Providing Guarantees for Subsidiary's Bank Credit Facility The Company and the entire Board of Directors guarantee the authenticity, accuracy, and completeness of the information disclosed in this announcement and will bear joint liability for any false representations, misleading statements, or material omissions. New Asia Enterprises (Zhejiang) Co., Ltd. (hereinafter referred to as the "Company" or "this Company") disclosed the "Announcement on Providing Guarantees for Subsidiary's Bank Credit Facility" (Announcement Number: 2026-011) on March 6, 2026. To facilitate investors' further understanding of relevant information, the Company hereby supplements and updates the relevant information: Supplementary update content is as follows: V. Aggregate Amount of External Guarantees and Overdue Guarantees As of the date of this announcement, the Company has approved effective external guarantee limits totaling RMB 1.5 billion. The outstanding balance of external guarantees is RMB 535.75 million, accounting for 55.28% of the Company's audited net assets in 2024. On March 6, 2026, the Company disclosed the "Announcement on the Overdue Status of Some Subsidiary Debts and Guarantee Progress" (Announcement Number: 2026-010). The principal loan of RMB 240 million for the Company's wholly-owned subsidiary, Zhejiang New Asia Zhongning New Energy Co., Ltd. (hereinafter referred to as "New Asia Zhongning"), was due and unpaid. New Asia Zhongning pledged its 51% equity in New Asia Shanshan New Materials Technology (Quzhou) Co., Ltd. to Quzhou Zhizao Industrial Investment Group Co., Ltd. (hereinafter referred to as "Quzhou Chanyin"). The Company provided supplementary mortgage guarantees for this loan using its relevant properties and the corresponding land use rights. Apart from the aforementioned guarantees, the Company (including its subsidiaries) has no other external guarantee matters, nor any other overdue guarantees, guarantees involved in litigation, or losses to be borne due to being ruled against in a lawsuit related to guarantees. The announcement after the supplementary update is as follows: New Asia Enterprises (Zhejiang) Co., Ltd. Announcement on Providing Guarantees for Subsidiary's Bank Credit Facility The Company and the entire Board of Directors guarantee the authenticity, accuracy, and completeness of the information disclosed in this announcement and will bear joint liability for any false representations, misleading statements, or material omissions. Special Reminder: The guarantees provided by New Asia Enterprises (Zhejiang) Co., Ltd. (hereinafter referred to as the "Company" or "this Company") are for subsidiaries within the consolidated financial statements. The asset-liability ratio of the entities being guaranteed is less than 70%. This guarantee is primarily for the aforementioned companies to apply for bank credit facilities or to meet their business development needs. The risk is controllable, and investors are requested to pay close attention to the guarantee risks. I. Overview of Guarantee Situation (I) Basic Situation of This Guarantee To meet the needs of daily business development, Shenzhen New Asia New Materials Co., Ltd. (hereinafter referred to as "New Asia New Materials"), a wholly-owned subsidiary of the Company, has applied to the Shenzhen Branch of Shanghai Bank Co., Ltd. (hereinafter referred to as "Shanghai Bank") for a bank credit facility of RMB 10 million. The Company will provide a joint liability guarantee for this credit facility. (II) Deliberation Situation The Company held its Sixth Board of Directors' 26th Meeting and the 2024 Annual Shareholders' Meeting on April 27, 2025, and May 21, 2025, respectively. The meetings deliberated and approved the "Proposal on the Company and its Subsidiaries Applying for Comprehensive Credit Line and Providing Guarantees in 2025." To meet the financing needs of the Company and its subsidiaries, and to ensure standardized operations and controllable risks, considering the guarantee implementation situation in 2024, the Company and its subsidiaries estimate that the guarantee limit for 2025 will not exceed RMB 1.5 billion (inclusive). Among these, the guarantee limit for entities with an asset-liability ratio not exceeding 70% will not exceed RMB 500 million (inclusive), and the guarantee limit for entities with an asset-liability ratio exceeding 70% will not exceed RMB 1 billion (inclusive). The validity period is from the date of approval by the Company's 2024 Annual Shareholders' Meeting until the deliberation of the same proposal by the 2025 Annual Shareholders' Meeting. For detailed information, please refer to the "Announcement on the Company and its Subsidiaries Applying for Comprehensive Credit Line and Providing Guarantees in 2025" disclosed by the Company on Juchao Information Network (www.cninfo.com.cn) on April 29, 2025. The credit facility and guarantee matters fall within the scope of the 2025 external guarantee limit and authorization approved by the 2024 Annual Shareholders' Meeting. The specific guarantee matters that have occurred are authorized by the Shareholders' Meeting for the Company's management to sign relevant guarantee agreements (or sign them individually). No separate board meeting or shareholders' meeting is required for deliberation. II. Progress of Guarantee Regarding the matter of New Asia New Materials applying for a RMB 10 million bank credit facility, the Company has signed the "Maximum Amount Guarantee Contract" with Shanghai Bank. New Asia New Materials will apply for financing from the bank within the scope of this credit facility and guarantee. III. Main Contents of the Guarantee Agreement The contents of the "Maximum Amount Guarantee Contract" are as follows:
- Guarantor: New Asia Enterprises (Zhejiang) Co., Ltd.
- Creditor: Shanghai Bank Co., Ltd. Shenzhen Branch
- Debtor: Shenzhen New Asia New Materials Co., Ltd.
- Maximum Principal Amount: RMB 10 million
- Guarantee Method: Joint liability guarantee
- Guarantee Scope: The principal amount of the debt, interest, late fees, penalties, liquidated damages, and any unpaid margin related to the main debt stated in this contract; all bank fees related to the main debt; costs incurred for the realization of the creditor's rights, and other losses caused to the creditor by the debtor.
- Guarantee Period: The period during which the guarantor bears liability for guarantee shall be three years from the due date of each debt under the main contract. If the debt under the main contract is divided into several parts (e.g., installment withdrawals), and the due dates for each part are different, the guarantee period shall be three years from the due date of the last principal debt. If the creditor recalls the debt in advance due to the debtor's default, the guarantor shall bear the guarantee liability in advance. IV. Basic Information of the Guaranteed Party Company Name: Shenzhen New Asia New Materials Co., Ltd. Unified Social Credit Code: 91440300562774729T Registered Capital: RMB 30 million Legal Representative: Wen Ming Registered Address: Building 1, Floors 1-3, Building 1, Zhongtai Road, Second Industrial Zone, Xinhu Street, Guangming District, Shenzhen City Business Scope: Research and development, production, and sales of room-temperature-curing silicone rubber; research and development and sales of insulating electronic silicone materials, epoxy potting materials, liquid silicone rubber, and thermal conductive silicone grease; sales of chemical products (excluding flammable, explosive, and highly toxic chemical products); domestic trade, import and export of goods and technology (excluding items prohibited by laws, administrative regulations, and State Council decisions, and items requiring pre-approval). Relationship with the Company: Wholly-owned subsidiary Financial Data for the Most Recent Year and Period: As of December 31, 2024, New Asia New Materials had total assets of RMB 230,072,616.01, operating income of RMB 168,724,447.45 in 2024, and net profit of RMB 16,193,053.38. As of June 30, 2025, New Asia New Materials had total assets of RMB 270,463,043.00, net assets of RMB 99,073,360.02, operating income of RMB 82,625,055.66 for January-June 2025, and net profit of RMB 6,702,489.96. The financial data for December 31, 2024, and the full year 2024 have been audited. The data for June 30, 2025, and January-June 2025 have not been audited. According to inquiries, New Asia New Materials is not a dishonest judgment debtor. V. Aggregate Amount of External Guarantees and Overdue Guarantees As of the date of this announcement, the Company has approved effective external guarantee limits totaling RMB 1.5 billion. The outstanding balance of external guarantees is RMB 535.75 million, accounting for 55.28% of the Company's audited net assets in 2024. On March 6, 2026, the Company disclosed the "Announcement on the Overdue Status of Some Subsidiary Debts and Guarantee Progress" (Announcement Number: 2026-010). The principal loan of RMB 240 million for the Company's wholly-owned subsidiary, Zhejiang New Asia Zhongning New Energy Co., Ltd. (hereinafter referred to as "New Asia Zhongning"), was due and unpaid. New Asia Zhongning pledged its 51% equity in New Asia Shanshan New Materials Technology (Quzhou) Co., Ltd. to Quzhou Zhizao Industrial Investment Group Co., Ltd. (hereinafter referred to as "Quzhou Chanyin"). The Company provided supplementary mortgage guarantees for this loan using its relevant properties and the corresponding land use rights. Apart from the aforementioned guarantees, the Company (including its subsidiaries) has no other external guarantee matters, nor any other overdue guarantees, guarantees involved in litigation, or losses to be borne due to being ruled against in a lawsuit related to guarantees. VI. Impact on the Company This joint liability guarantee for the subsidiary's bank credit facility application is conducive to meeting the capital needs of the subsidiary's daily production and business development. The financial risks of this guarantee matter are within the Company's controllable range and will not adversely affect the Company's normal operations and business development, nor will it harm the interests of the Company and its shareholders, especially small and medium shareholders. VII. Documents for Reference "Maximum Amount Guarantee Contract" Hereby announced. New Asia Enterprises (Zhejiang) Co., Ltd. Board of Directors March 6, 2026