Overview of the Guarantee Situation
Jiujiang Defu Technology Co., Ltd. (hereinafter referred to as "the Company") held its second extraordinary general meeting of shareholders in 2025 on November 27, 2025, where it approved the proposal on providing guarantees for subsidiaries in 2026. The Company agreed to provide guarantees totaling no more than RMB 1,323.6 million for its subsidiaries within the consolidated financial statements, effective from January 1, 2026, to December 31, 2026. The Company’s chairman or their authorized representative is authorized to determine the execution based on the actual needs of each subsidiary's business development within the approved limit and to sign relevant documents, agreements, and other related legal documents.
Progress of the Guarantee
Recently, the Company signed a guarantee contract with the Jiujiang Bailing Lake Branch of the Industrial and Commercial Bank of China (hereinafter referred to as "ICBC") under contract number 0150700013-2026 Bailing (Guarantee) No. 00258, agreeing to provide a guarantee of up to RMB 39 million for Jiujiang Defu New Energy Co., Ltd. (hereinafter referred to as "Defu New Energy"). This guarantee falls within the approved guarantee limit of the Company.