HIFICHEM plans to apply for a comprehensive credit line of 600 million from the bank, with the actual controller providing a gratuitous guarantee

On September 19, 2025, HIFICHEM's seventh board of directors held its tenth meeting and approved the proposal to apply for comprehensive credit from banks and related guarantees. The company plans to apply for comprehensive credit not exceeding 500 million yuan from the Anshan branch of INDUSTRIAL BANK and not exceeding 100 million yuan from the Anshan branch of PSBC. The actual controllers Xu Huixiang and Zang Jie will provide joint liability guarantees free of charge, amounting to no more than 192 million yuan and the corresponding amount, respectively, with the company exempt from guarantee fees. The credit limit does not equal the actual financing amount and is subject to bank approval. This transaction constitutes a related party transaction and does not fall under major asset restructuring, pending approval from the shareholders' meeting. From the beginning of 2025 to the disclosure date, the actual controllers have provided multiple bank credit guarantees for the company, with a total cumulative credit of 730 million yuan, guarantees of 809.32 million yuan, and actual occurrences of 465 million yuan