FUDA ALLOY provides a guarantee of 100 million yuan for its subsidiary, with cumulative guarantees exceeding net assets

On September 19, 2025, FUDA ALLOY Materials Co., Ltd. announced that it recently signed a "Maximum Guarantee Contract" with the Wenzhou Branch of China Everbright Bank, providing joint liability guarantees for a bank credit limit of 100 million yuan for its wholly-owned subsidiary Zhejiang FUDA ALLOY Materials Technology Co., Ltd., with a guarantee period of three years. The company had previously approved relevant proposals to apply for a comprehensive credit limit not exceeding 2.8 billion yuan for the year 2025, which can be reused within the limit and allows for mutual guarantees among subsidiaries. As of the announcement date, the guarantee balance for the company and its controlling subsidiaries was 1,345.8964 million yuan, with a total guarantee amount of 2,074 million yuan, accounting for 138.62% and 213.62% of the audited net assets for 2024, respectively, all of which are guarantees for wholly-owned subsidiaries, with no overdue situations. The guaranteed party is operating well, with good debt repayment ability, and the risk of this guarantee is controllable