Taihua New Material provides a guarantee of 210 million for its subsidiary, with total guarantees nearing 4.5 billion

Zhejiang Taihua New Material Group Co., Ltd. announced that it will provide guarantees of 105 million yuan for its holding subsidiaries, Jiahua Special Nylon Co., Ltd. and Jiahua Recycled Nylon Co., Ltd., with the guarantee method being joint liability guarantee. As of the announcement date, the total amount of external guarantees provided by the company and its holding subsidiaries is 4,516.9811 million yuan, accounting for 89.36% of the most recent audited net assets, with the total guarantee amount exceeding 50% of net assets. This guarantee is within the company's annual authorization limit and does not require further review. The guaranteed parties have good operating and debt repayment capabilities, and the guarantee risk is controllable, with no overdue guarantee situations