301665SZSE

Progress Announcement on Providing Guarantees for Subsidiary's Bank Credit Application

✨ AI Summary

Nantong Taihe Chemical Co., Ltd. has approved a guarantee for its wholly-owned subsidiary, Jiangxi Yangli New Materials Co., Ltd., to secure a credit limit of 35 million yuan from Bank of China. The guarantee period is three years from the debt fulfillment date. As of the announcement date, the actual guarantee balance for Jiangxi Yangli is 54.07 million yuan, remaining within the approved limit.

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Full Translation

AI Translation· azure_openai

Nantong Taihe Chemical Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or significant omissions.

Overview of the Guarantee Situation

On April 24, 2025, Nantong Taihe Chemical Co., Ltd. held the 17th meeting of the third Board of Directors and the 11th meeting of the third Supervisory Board, where the proposal regarding the Company's application for financing and provision of guarantees to relevant banks for the year 2025 was approved. The Company and its wholly-owned or controlling subsidiaries plan to apply for a total comprehensive credit limit not exceeding 5 billion yuan (inclusive) from banks and provide guarantees. This proposal was also approved by the annual shareholders' meeting held on May 21, 2025. For specific details, please refer to the announcement titled "Announcement on the Company's Application for Financing and Provision of Guarantees to Relevant Banks for the Year 2025" disclosed by the Company on April 28, 2025, on the Giant Tide Information Network (www.cninfo.com.cn) (Announcement No.: 2025-004).

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