Jin Longyu announced that the company recently provided a guarantee for the financing of its wholly-owned subsidiary Huizhou Jinlongyu Cable Industrial Development Co., Ltd.: renewed the guarantee contract with the Bank of Communications for a maximum guarantee amount of 200 million yuan; renewed the maximum guarantee contract with the Bank of Hangzhou for a maximum guarantee amount of 350 million yuan; and increased its guarantee guarantee amount at the Bank of China from 80 million yuan to 90 million yuan. The above guarantees are all joint and several liability guarantees, and the guarantee amount is within the estimated amount of the annual external guarantee. As of the disclosure date of the announcement, the total amount of external guarantees of the company and its holding subsidiaries is estimated at RMB 2,950 million, with a total guarantee balance of RMB 1,697 billion, accounting for 80.24% of the latest audited net assets, with no overdue guarantees.

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