Overview of the Guarantee Situation
Guangdong Meilian New Materials Co., Ltd. (hereinafter referred to as "the Company") announces that its controlling subsidiary, Liaoning Meicai New Materials Co., Ltd. (hereinafter referred to as "Meicai New Materials"), intends to provide a joint liability guarantee for its wholly-owned subsidiary, Anshan Huihong Pigment Technology Co., Ltd. (hereinafter referred to as "Huihong Technology"), for a credit line of 48 million yuan (including equivalent amounts in other currencies) from Shanghai Pudong Development Bank Co., Ltd. Anshan Branch (hereinafter referred to as "Pudong Bank"). The credit period is 36 months. According to the relevant provisions of the "Self-Regulatory Guidelines No. 2 for Listed Companies on the Shenzhen Stock Exchange - Normative Operations of GEM Listed Companies," this guarantee falls within the scope of the Company's consolidated financial statements, and the guarantor Meicai New Materials has completed the internal approval procedures, thus no submission to the Company's board of directors or shareholders' meeting is required.