On August 19, 2025, Xinxiang Chem held a board meeting and approved the proposal to provide a joint liability guarantee for a bank loan of 80 million yuan for its affiliated company, Xinjiang Jinlu New Materials Technology Co., Ltd., in proportion to its shareholding. The company's guarantee limit does not exceed 37.6 million yuan. Since the company's director, Ji Yudong, holds a position at Xinjiang Jinlu, this constitutes a related party transaction, and the related director has abstained from voting. Xinjiang Jinlu was established in September 2024 and has not yet officially commenced operations. As of June 30, 2025, its total assets were 148.1923 million yuan, with a net profit of -286,000 yuan. After this guarantee, the company's total external guarantee balance is 885.6 million yuan, accounting for 13.63% of the net assets at the end of 2024. This matter still requires approval from the shareholders' meeting
