According to the new TTM announcement, the company's subsidiaries intend to apply for a comprehensive credit line totaling no more than 500 million yuan from financial institutions. The credit period is 12 months from the date of review and approval by the shareholders' meeting. The amount is recyclable and can be transferred between subsidiaries. The company plans to provide a total guarantee amount of no more than 500 million yuan for the above credit grants to subsidiaries within the scope of the merger. Of these, the total guarantee amount for subsidiaries with a balance ratio of less than 70% is 440 million yuan, or a total of 60 million yuan higher than 70%. The matter still needs to be reviewed by the shareholders' meeting. In addition, Wu Chenghua, the company's actual controller and chairman, will provide a free joint and several liability guarantee for the subsidiary's credit. There is no need to pay guarantee fees or counterguarantees, and there is no need to submit this matter to the shareholders' meeting for consideration. As of the disclosure date of the announcement, the company and its subsidiaries had accumulated external guarantees of $54.9726 million, accounting for 8% of the audited net assets at the end of 2025, with no overdue guarantees.

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