Anshan Qicai Chemical Co., Ltd. (hereinafter referred to as "the Company") held the 14th meeting of the 7th Board of Directors on March 30, 2026, and approved the proposal regarding the application for comprehensive credit and related guarantees from the bank. The details are announced as follows:
1. Overview of Related Transactions
To ensure the company's daily operational funds and business development needs, and to actively broaden funding channels, the company has applied to the Anshan branch of Shanghai Pudong Development Bank for a maximum comprehensive credit limit of RMB 189 million, valid for one year, for research and development and daily operations. The exposure amount does not exceed RMB 189 million and includes, but is not limited to, loans, bank acceptance bills, commercial bill discounts, guarantees, letters of credit, and syndicate loans. The actual controllers, Mr. Xu Huixiang and Ms. Zang Jie, will provide joint liability guarantees for the above credit at no cost to the company, and the company is authorized to have its legal representative handle the related matters and sign relevant contracts and documents. The credit limit does not equal the actual financing amount, and the credit limit, term, interest rate, and guarantee method are subject to the bank's final approval. The specific financing amount will be determined based on the company's actual needs. The provision of joint liability guarantees constitutes a related transaction. This matter has been approved by the 10th special meeting of independent directors and the 14th meeting of the 7th Board of Directors. Related director Mr. Xu Huixiang abstained from voting. This transaction does not constitute a major asset reorganization as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies" and still requires approval from the company's shareholders' meeting, with related shareholders abstaining from voting on the relevant proposals.