Overview of the Guarantee Situation
Beijing Wanbangda Environmental Technology Co., Ltd. (hereinafter referred to as "the Company") held its eighth meeting of the sixth board of directors on April 15, 2026, and the annual general meeting of shareholders for 2025 on May 8, 2026. The proposal regarding the estimated guarantee limit for subsidiaries in 2026 was approved, allowing the Company to provide guarantees not exceeding RMB 1.65 billion for its subsidiaries in 2026. Among this, a total guarantee limit of RMB 600 million is allocated for subsidiaries with a debt-to-asset ratio greater than 70%, and RMB 1.05 billion for wholly-owned subsidiaries with a debt-to-asset ratio less than 70%. The guarantee methods include but are not limited to guarantees, mortgages, and pledges. The estimated guarantee limit is valid for no more than twelve months from the date of approval at the annual general meeting, and the limit can be reused within its validity period. The chairman of the Company and their authorized representatives are authorized to sign relevant contracts for the above guarantee matters. For specific details, please refer to the announcement titled "Estimated Guarantee Limit for Subsidiaries in 2026" disclosed by the Company on April 17, 2026, on the Giant Tide Information Network (Announcement No.: 2026-014).
Progress of External Guarantees
Recently, the Company signed a "Maximum Guarantee Contract" with Zheshang Bank Co., Ltd. Huizhou Branch (hereinafter referred to as "Zheshang Bank Huizhou Branch"), providing a maximum joint liability guarantee for Huizhou Isco New Materials Technology Development Co., Ltd. (hereinafter referred to as "Huizhou Isco") for a credit line of RMB 100 million applied to Zheshang Bank Huizhou Branch. The guarantee provided for Huizhou Isco is within the estimated guarantee limit for 2026 and does not require further approval from the board of directors or shareholders. Other shareholders of Huizhou Isco, Tibet Anai Kang New Materials Co., Ltd. and Tibet Daizete New Materials Co., Ltd. (holding a combined 26.5% equity in Huizhou Isco), provide counter-guarantees in proportion to their respective equity holdings, assuming unlimited joint liability for the repayment of debts within the scope of the counter-guarantee, with the guarantee period lasting until the Company no longer provides guarantees for Huizhou Isco.