Nanshan Holdings announced that Shengbaowang, a subsidiary of the company, formed a consortium with the Guangzhou Salvage Bureau to win the bid for the Brunei Shell BSP-T&I project, with a contract amount of US$2.03 million. As the lead party, Shengbaowang is required to issue a performance guarantee of 2.2 million US dollars, of which the guarantee amount corresponding to the Guangzhou Salvage Bureau's share is 1.96 million US dollars. The guarantee method is a joint liability guarantee. The period is 1 year. The Guangzhou Salvage Bureau provides a counterguarantee performance guarantee. The guarantee has been reviewed and approved by the board of directors and still needs to be submitted to the shareholders' meeting for consideration. Up to now, the total external guarantees of the company and its subsidiaries are 25.830 billion yuan, accounting for 375.58% of the net assets audited to the mother in 2025, with no overdue guarantees.

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