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 any false records, misleading statements, or major omissions.
Special Risk Warning: After the review and approval of the guarantee limit, Nantong Taihe Chemical Co., Ltd. will provide guarantees for its subsidiaries totaling no more than RMB 4 billion (inclusive), accounting for 111.00% of the Company's most recent audited net assets attributable to the parent company. Investors are advised to pay close attention to the risks associated with the guarantees.
1. Overview of Credit and Guarantee Situation
(1) Application for Comprehensive Credit
On April 23, 2026, the Company held the seventh meeting of the fourth Board of Directors, which reviewed and approved the proposal on the Company's application for financing and provision of guarantees to relevant banks for 2026. To meet the funding needs for production operations and business development, the Company and its wholly-owned or controlling subsidiaries plan to apply for a total comprehensive credit limit of no more than RMB 60 billion (inclusive) from banks. The types of credit include but are not limited to domestic and foreign currency loans, bank acceptance bills, letters of credit, and guarantees. The actual credit limits from various banks can be adjusted within the total limit.
The above proposal has been reviewed and approved by the first meeting of the independent directors of the fourth Board of Directors in 2026. The sponsor institution has issued a verification opinion. This matter still needs to be submitted to the Company's shareholders' meeting for review and must be approved by more than two-thirds of the voting rights held by shareholders (including proxies) present at the shareholders' meeting. The validity period of the resolution for the application of the comprehensive credit limit is twelve months from the date of approval by the Company's 2025 annual shareholders' meeting. During the credit period, the credit limit can be reused and can be adjusted for use between the Company and its subsidiaries. The Company may transfer the credit limit granted by banks to its subsidiaries for use. The above comprehensive credit limit does not equal the Company's actual financing limit; the actual financing amount will be reasonably determined based on the Company's actual funding needs, and the financing amount will be based on the actual financing amount incurred between the Company and the banks.
(2) Estimated Guarantee Limit
To meet the operational and business development needs of the Company, it plans to provide guarantees for its consolidated subsidiaries when applying for comprehensive credit limits and for daily operational needs, with a total limit not exceeding RMB 4 billion (inclusive). The validity period of the guarantee limit is twelve months from the date of approval by the Company's 2025 annual shareholders' meeting. The specific situation is as follows: