1. 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 consolidated subsidiaries, 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 legal documents.
2. Progress of the Guarantee
Recently, the Company signed a maximum guarantee contract numbered ZB4810202600000008 with Shanghai Pudong Development Bank Co., Ltd. Lanzhou Branch (hereinafter referred to as "Pudong Bank"), agreeing to provide a guarantee of up to RMB 153 million for Gansu Defu New Materials Co., Ltd. (hereinafter referred to as "Defu New Materials"). This guarantee is within the approved guarantee limit of the Company.