The company and all members of the board guarantee that the information disclosed is true, accurate, and complete, without false records, misleading statements, or significant omissions.
I. Overview of the Guarantee Situation
Henan Baichuan Changyin Environmental Energy Co., Ltd. (hereinafter referred to as "the Company")’s controlling subsidiary, Zhengzhou Baichuan Yichu Smart Energy Technology Co., Ltd. (hereinafter referred to as "Baichuan Yichu"), due to operational needs, is engaging in financing lease business with Zhongguancun Technology Leasing Co., Ltd. (hereinafter referred to as "Zhongguancun Leasing"). Zhongguancun Leasing will purchase equipment from the Company and its wholly-owned subsidiary, Chaoyang Baichuan Changyin New Energy Co., Ltd. (hereinafter referred to as "Chaoyang Baichuan"), to lease to Baichuan Yichu. Baichuan Yichu will pay rent to Zhongguancun Leasing, with the total principal amount of the financing lease being 30 million RMB and the lease term being three years. To support Baichuan Yichu's operational development and financing needs, the Company and its actual controller, Mr. Chen Gonghai, will provide an irrevocable joint liability guarantee for this financing lease, with the guarantee period lasting until three years after the debt performance period expires. Additionally, the Company will provide pledge guarantees for this financing lease based on the project operating income rights and accounts receivable generated from steam supply contracts signed with some partners. This guarantee matter has been approved by the Company’s fourth board of directors at its fifteenth meeting. According to the "Shenzhen Stock Exchange Growth Enterprise Market Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 2 - Standard Operation of Growth Enterprise Market Listed Companies," and other laws, regulations, normative documents, and the "Company Articles of Association," this guarantee matter does not require submission to the shareholders' meeting for deliberation.