According to Zhitong Finance App, China Xuyang Group (01907) announced that on September 23, 2026, Binhai Energy and Project Company, an indirect non-wholly-owned subsidiary of the Company, signed a framework agreement with Xuyang Holdings. According to the framework agreement, Binhai Energy can provide loans to the project company and/or guarantee its financing and performance during the period ending December 31, 2028, and Xuyang Holdings agreed to provide Binhai Energy with a joint liability guarantee for all of the project company's debts to Binhai Energy under the framework agreement and any specific loan agreement and/or guarantee agreement signed thereunder, according to its shareholding ratio in each project company.
Each project company is an indirect non-wholly-owned subsidiary of the Company. Binhai Energy's loans to the project company can reduce the Group's idle capital, rationally allocate resources, and increase the utilization rate of funds, while Binhai Energy provides guarantees to the project company to help the project company obtain financing from financial institutions, meet the project company's financing needs and support its business development, and conforms to the Group's overall interests and future development strategy in the new materials industry. At the same time, Xuyang Holdings provides a joint liability guarantee to Binhai Energy as a counterguarantee according to its shareholding ratio in each project company, which can effectively reduce Binhai Energy's risk exposure to loans and guarantees to the project company, and ensure that Xuyang Holdings, as a minority shareholder of the project company, bears responsibility in line with its shareholding ratio.