Shunfa Hengneng announced that in order to support the investment and construction of the company's smart center project, the controlling shareholder Wanxiang Group plans to provide a total free guarantee of no more than 1.45 billion yuan. The company does not need to pay guarantee fees or provide counterguarantees. The specific guarantee amount and period are subject to the agreement signed between the company and the financial institution, and can be recycled within the validity period and amount. This transaction constitutes a related transaction and does not constitute a major asset restructuring. It has been reviewed and approved by the board of directors of the company. The relevant directors have avoided voting, and it still needs to be submitted to the shareholders' meeting for review and approval.

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