According to the announcement of Xizhuang Co., Ltd., the 23rd meeting of the fourth board of directors of the company deliberated and passed a bill providing guarantees for a wholly-owned subsidiary in Korea. As a performance guarantor, the company provides its customers with a joint and several liability guarantee from the parent company, and uses its own bank credit line to apply for a separate guarantee, including an advance payment guarantee of 10% of the contract amount and a 10% quality guarantee. The total guarantee amount is US$16.5837 million, equivalent to approximately RMB 113 million. If the contract amount changes, the guarantee amount can be adjusted accordingly. The validity period and period are subject to the actual needs of the sales contract. The guarantee amount is within the authority of the board of directors and does not need to be submitted to the shareholders' meeting for consideration.

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