I. Overview of the Guarantee Situation
Chaojie Fastening Systems (Shanghai) Co., Ltd. (hereinafter referred to as "the Company" or "Chaojie") held its 7th Board of Directors' second meeting on March 6, 2026, and the first extraordinary shareholders' meeting of 2026 on March 25, 2026, where it approved the proposal to provide a guarantee for the bank comprehensive credit application of its controlling subsidiary, Chengdu Xinyue CNC Machinery Co., Ltd. (hereinafter referred to as "Chengdu Xinyue"). To meet the funding needs for the daily production and operation of Chengdu Xinyue and ensure its continuous and stable development, the board agreed to provide a guarantee of no more than RMB 60 million for Chengdu Xinyue's bank credit application, valid for one year from the date of approval by the shareholders' meeting. For further details, please refer to the announcement disclosed by the Company on March 10, 2026, on the Giant Tide Information Network (www.cninfo.com.cn) (Announcement No.: 2026-006).