ZHONG CHAO HOLDING plans to provide a guarantee limit of no more than 25 million yuan for its holding subsidiary

On September 23, 2025, Jiangsu Zhongchao Holding Co., Ltd. held the 27th meeting of its sixth board of directors, unanimously approving the proposal to provide a guarantee limit for its holding subsidiary Jiangsu Jingzhu. It plans to provide guarantees of no more than 10 million yuan, 5 million yuan, and 10 million yuan to Yixing Rural Commercial Bank Nanjiao Branch, AVIC Finance Leasing, and Bank of China Yixing Branch, respectively, totaling no more than 25 million yuan. As of the announcement date, the actual guarantee balance for Jiangsu Jingzhu is 17.3303 million yuan, and the newly added limit accounts for 2.62% of the latest audited net assets attributable to the parent company. Currently, the total external guarantees provided by the company and its holding subsidiaries exceed 100% of the latest audited net assets, with the actual total guarantee amounting to 154.726 million yuan, accounting for 90.15%. This guarantee still requires approval from the shareholders' meeting