According to Milkway's announcement, the company recently signed a contract with the Bank of China Shanghai Pilot Free Trade Zone Branch to provide a guarantee of 80 million yuan for the wholly-owned subsidiary's chemical storage and assume joint guarantee liability. The current guarantee is within the amount approved by the shareholders' meeting, after deducting guarantees that have already been fulfilled. The balance of the external guarantee balance of the company and its subsidiaries is 6.546 billion yuan, accounting for 137.25% of the latest audited net assets, and there are no overdue guarantees. Chemical storage credit conditions are good. This guarantee is to meet its business development needs.

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