Overview of the Guarantee Situation
Zhejiang Yanpai Filtration Technology Co., Ltd. (hereinafter referred to as "the Company" or "Yanpai") held its 26th meeting of the fourth board of directors on April 1, 2026, and the second extraordinary general meeting of shareholders on April 23, 2026, where it approved the proposal regarding the application for comprehensive credit limits from banks and other financial institutions for the year 2026 and the provision of corresponding guarantees. The Company agreed to provide a guarantee for its wholly-owned subsidiary, Technische Textilien Lörrach GmbH & Co. KG (hereinafter referred to as "TTL"), for a comprehensive credit limit of no more than RMB 40 million. The shareholders' meeting authorized the chairman of the Company or their authorized agent to handle the application for the credit guarantee limit with financial institutions, as well as to manage the mortgage and pledge of relevant assets, sign relevant contracts, agreements, certificates, and other legal documents, and complete related procedures, with a validity period of twelve months from the date of approval by the second extraordinary general meeting of shareholders in 2026. For specific details, please refer to the announcement disclosed by the Company on April 2, 2026, on the Giant Tide Information Network (http://www.cninfo.com.cn).