• Sapphire Corporation's 98%-owned subsidiary Chengdu KQR entered a project covered guarantee of up to RMB 99.64 million with Shandong Luqiao.
• The guarantee supports up to RMB 200 million in performance guarantees for affiliate Ranken Railway's Lahore water and wastewater project.
• Ranken Railway holds 49% of the project joint venture, which signed its infrastructure contract with WASA Lahore on November 4, 2026.
• A RMB 3.58 million guarantee provision would reduce pro forma FY2025 earnings per share to RMB 0.0032 from RMB 0.012.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sapphire Corporation Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: RSVZ0V1VYUGF9HTZ) on November 04, 2026, and is solely responsible for the information contained therein.