Libert added a guarantee of 400 million for its subsidiary, with total guarantees exceeding net assets

Jiangsu Libert Co., Ltd. announced that in order to meet the operational and business development needs of its wholly-owned subsidiary Shanghai Libert Engineering Technology Co., Ltd., it recently signed a "Maximum Guarantee Contract" with the Bank of China Shanghai Yangtze River Delta Integration Demonstration Zone Branch, providing a joint liability guarantee of 400 million yuan, without counter-guarantee. As of the announcement date, it has actually provided a guarantee balance of 1.4 billion yuan. This guarantee is within the limit approved by the shareholders' meeting and does not require further review. Currently, the total amount of external guarantees provided by the company and its holding subsidiaries is 2.9 billion yuan, accounting for 157.84% of the most recent audited net assets, all of which are guarantees for subsidiaries within the scope of consolidated financial statements, with no overdue guarantees. The company stated that the guarantee risk is controllable and aligns with its development strategy