Xinxiang Chem provides a guarantee for a loan of 37.6 million yuan to its affiliated company Xinjiang Jinlu

On September 11, 2025, Xinxiang Chem announced the progress of providing guarantees for its affiliated company, Xinjiang Jinlu New Materials Technology Co., Ltd. Previously, the company's board of directors and shareholders' meeting had reviewed and approved the relevant proposals. Xinjiang Jinlu applied for a bank loan of 80 million yuan, and the company guaranteed 37.6 million yuan based on its 47% shareholding. On the same day, the company signed a "Guarantee Contract" with the Kashgar Branch of China Construction Bank, providing joint liability guarantees for the 37.6 million yuan debt. Xinjiang Jinlu was established in 2024 and has not yet officially commenced production and operations. As of the relevant date in 2025, total assets were 148.1923 million yuan, and liabilities were 3.329 million yuan. The company stated that the guarantee risk is controllable and in line with the interests of shareholders. After this guarantee, the total balance of external guarantees for the company is 885.6 million yuan, accounting for 13.63% of the audited net assets at the end of 2024, with no overdue or other adverse guarantee situations