002971SZSE

Announcement on Progress of Company Providing Guarantees for its Holding Subsidiaries

Hubei Heyuan Gas Co., Ltd.··5 pages

✨ AI Summary

Hubei Heyuan Gas Co., Ltd. announces progress on providing guarantees for its holding subsidiary, Hubei Heyuan New Materials Co., Ltd., for a financing lease. The company has provided a joint liability guarantee of up to RMB 80 million for the lease, which is within the previously approved limit. This action supports the subsidiary's financing plan and normal operations.

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Securities Code: 002971 Securities Abbreviation: Heyuan Gas Announcement No.: 2026-044

Hubei Heyuan Gas Co., Ltd. Announcement on Progress of Company Providing Guarantees for its Holding Subsidiaries

The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.

I. Overview of Financing Lease and Guarantee Situation

(I) Overview of Financing Lease Situation

According to the investment plan and actual operating needs of Hubei Heyuan Gas Co., Ltd. (hereinafter referred to as the "Company"), in order to broaden financing channels and optimize the financing structure, the Company plans to carry out financing lease and factoring businesses with financing leasing companies and factoring companies using some of the Company's and its subsidiaries' assets. The total financing amount shall not exceed RMB 60,000,000,000. The specific details regarding the amount, interest rate, and repayment method for the financing lease and factoring shall be subject to the agreements actually signed by the contracting parties. This financing matter has been reviewed and approved by the Seventh Meeting of the Audit and Risk Management Committee of the Fifth Board of Directors, the Sixteenth Meeting of the Fifth Board of Directors, and the 2025 Annual Shareholders' Meeting. For details, please refer to the "Announcement on Carrying Out Financing Lease and Factoring Business" (Announcement No.: 2026-018), "Resolution Announcement of the Sixteenth Meeting of the Fifth Board of Directors" (Announcement No.: 2026-012), and "Resolution Announcement of the 2025 Annual Shareholders' Meeting" (Announcement No.: 2026-028) disclosed on the Juchao Information Network (www.cninfo.com.cn) on April 16, 2026, and May 8, 2026, respectively.

(II) Overview of Guarantee Situation

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