Zhefu Holdings announced that Zhejiang Shenlian Environmental Protection Group Co., Ltd., a wholly-owned subsidiary of the company, signed a guarantee contract with the Fuzhou branch of the Bank of Communications to provide joint and several liability guarantees for the maximum balance of the 500 million yuan claim applied to the bank by the wholly-owned subsidiary Jiangxi Self-Reli Environmental Protection Technology Co., Ltd. within the scope of the consolidated statement. The guarantee period ends three years after the expiration of the debt performance period. The guarantee was approved by the shareholders of Shenlian Environmental Protection Group. There is no need to submit it to the company's board of directors and shareholders' meeting for consideration. It is not a related transaction, and there are no counterguarantees. As of the disclosure date of the announcement, the total amount of guarantees approved by the company for subsidiaries covered by the consolidated statement was 5.3 billion yuan, with a guarantee balance of 1,320 billion yuan, accounting for 10.97% of the company's most recent audited net assets; the subsidiary's cumulative guarantee balance for subsidiaries covered by the consolidated statement was 6.386 billion yuan, with no external overdue guarantees.

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