Tongyu New Materials (Guangdong) Co., Ltd. (hereinafter referred to as "the Company") held the ninth meeting of the second board of directors on May 25, 2026, and approved the proposal on providing a guarantee for the wholly-owned subsidiary's bank credit application for 2026. The relevant matters are announced as follows:
1. Overview of the Guarantee
To meet operational needs, Jiangxi Tongyu New Materials Co., Ltd. (hereinafter referred to as "Jiangxi Tongyu") intends to apply for a total comprehensive credit of no more than RMB 600 million from the bank, with a credit term not exceeding 3 years. The actual credit limit will be subject to the final approval by the bank. For specific details, please refer to the announcement titled "Announcement on Applying for Comprehensive Credit Limit from the Bank for 2026" disclosed on the same day on the Giant Tide Information Network (www.cninfo.com.cn) (Announcement No.: 2026-015). The Company intends to provide joint liability guarantee for Jiangxi Tongyu's bank credit application, with a guarantee amount not exceeding RMB 600 million. The methods of guarantee include but are not limited to guarantees, mortgages, pledges, counter-guarantees, or a combination of various guarantee methods. The guarantee amount is valid for 12 months from the date of approval by the board of directors, and the above guarantee amount can be reused within the validity period, but the maximum guarantee balance at any point in time shall not exceed this guarantee amount. To improve decision-making efficiency, the board of directors authorized the chairman of the Company to determine specific guarantee matters and sign relevant agreements and documents within the above guarantee amount. This guarantee matter has been approved by the ninth meeting of the second board of directors.