002407SZSE

Announcement on the Estimated Limit for the Company's External Guarantees in 2026

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This announcement details the proposed external guarantee limit for 2026 by Duofudu New Materials Co., Ltd. The company plans to provide guarantees totaling RMB 398,300 million for its subsidiaries and investees, with a specific limit for high-leverage subsidiaries. This measure aims to support the daily operations and financing needs of its subsidiaries and investees, with the board deeming the risks controllable.

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Securities Code: 002407 Securities Abbreviation: Duofudu Announcement No.: 2026-026

Duofudu New Materials Co., Ltd. Announcement on the Estimated Limit for the Company's External Guarantees in 2026

The Company and the entire Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are free from any false representations, misleading statements, or material omissions.

Special Reminder: Duofudu New Materials Co., Ltd. (hereinafter referred to as "Duofudu" or the "Company") plans to provide a total guarantee limit of no more than RMB 398,300 million for its subsidiaries and investees within the consolidated statement scope for 2026. Among this, the guarantee limit for subsidiaries with a debt-to-asset ratio exceeding 70% shall not exceed RMB 72,000 million. Investors are kindly requested to pay attention to investment risks.

I. Overview of Guarantee Situation

Duofudu New Materials Co., Ltd. (hereinafter referred to as the "Company" or "Duofudu") held the Fifth Meeting of the Eighth Board of Directors on April 14, 2026, and deliberated and passed the "Proposal on the Estimated Limit for the Company's External Guarantees in 2026". It was agreed that from the date of deliberation and approval by the 2025 Annual Shareholders' Meeting until the end of the 2026 Annual Shareholders' Meeting, the Company will provide guarantees for its subsidiaries and investees. The total guarantee limit for this provision is no more than RMB 398,300 million, accounting for 47.43% of the Company's latest audited net assets. The specific situation is as follows:

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