Who is the beneficiary of this guarantee?

It is for Ningbo Qiyi Metal Co., Ltd., an indirectly wholly-owned subsidiary, securing bank loans.

How is the guarantee limit determined?

Based on the subsidiary’s funding needs, credit risk assessment, and group financial strategy.

Does the guaranteed company provide collateral?

No collateral has been provided by the guaranteed company for this transaction.

Why is this information disclosed?

Mandatory disclosure under regulations for listed companies regarding fund lending and guarantees.

What percentage of net assets does the guarantee balance represent?

As of the event date, the guarantee balance amounts to 79.85% of net assets.

Announcement pursuant to Article 25, Paragraph 1, Item 4 of the Regulations Governing Lending and Endorsement Guarantees by Publicly Issued Companies

Published Aug 6, 2026 9:00 AM ・ Updated Aug 7, 2026 5:17 PM ・ 3 min read ・ Source: PR Times

A publicly issued company has added endorsement guarantees for its indirectly wholly-owned subsidiary, Ningbo Qiyi Metal Co., Ltd., to support bank borrowing. The guarantee balance now reaches 79.85% of net assets, with total exposure (including investments and loans) at 155.08%.

1. Date of Fact: 115/08/06

2. Guaranteed Party: (1) Company Name: Ningbo Qiyi Metal Co., Ltd. (2) Relationship with Guarantee Provider: Indirectly held 100% subsidiary (3) Guarantee Limit (in thousand yuan): 8,795,670 (4) Previous Guarantee Balance (in thousand yuan): 3,033,486 (5) Amount of New Guarantee Added This Time (in thousand yuan): 478,200 (6) Guarantee Balance as of Fact Date (in thousand yuan): 3,511,686 (7) Actual Amount Drawn by Guaranteed Company (in thousand yuan): 1,538,848 (8) Reason for New Guarantee: Providing guarantee for bank loan

3. Collateral Provided by Guaranteed Company: (1) Description: None (2) Value (in thousand yuan): 0

4. Latest Financial Statement of Guaranteed Company: (1) Capital (in thousand yuan): 2,622,550 (2) Accumulated Profits/Losses (in thousand yuan): 329,758

5. Conditions for Release of Guarantee Liability: (1) Condition: Upon full repayment and termination of financing agreement with the bank (2) Date: At the time of terminating the financing agreement with the bank

6. Total Guarantee Limit (in thousand yuan): 8,795,670

7. Guarantee Balance as of Fact Date (in thousand yuan): 3,511,686

8. Ratio of Guarantee Balance Provided by A to Net Worth in Latest Financial Statement of Publicly Issued Company: 79.85

9. Combined Ratio of Guarantee Balance, Long-Term Investment, and Fund Lending to Net Worth in Latest Financial Statement: 155.08

10. Other Matters to be Disclosed: None

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Source: PR Times
Category: News
Dates in source: 115/08/06

Announcement pursuant to Article 25, Paragraph 1, Item 4 of the Regulations Governing Lending and Endorsement Guarantees by Publicly Issued Companies

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