KHUA provides a joint liability guarantee of 25 million yuan for its subsidiary

In 2025, Zhejiang Guanghua Technology Co., Ltd. approved by the tenth meeting of the third board of directors and the 2024 annual general meeting of shareholders, agreed to provide a guarantee limit of no more than 1 billion yuan for its wholly-owned subsidiary Zhejiang Guanghua Import and Export Co., Ltd. Recently, the company signed a maximum guarantee contract with the Haining Branch of Industrial and Commercial Bank of China, providing joint liability guarantee for Guanghua Import and Export with a maximum principal balance of 25 million yuan. This guarantee is within the approved limit. Guanghua Import and Export mainly engages in the sales and import and export business of petroleum, chemicals, and other products. As of the date of this announcement, the total external guarantee balance of the company and its holding subsidiaries is 265 million yuan, accounting for 15.77% of the audited net assets at the end of 2024, all of which are guarantees for subsidiaries, with no overdue or other adverse situations