HUAMING Equipment provides a guarantee of 50 million yuan for its wholly-owned subsidiary Shanghai HUAMING

On September 26, 2025, Huaming Power Equipment Co., Ltd. signed a "Guarantee Contract" with the Shanghai Branch of Bank of Nanjing to provide joint liability guarantees for a loan of 50 million yuan and corresponding interest and other debts for its wholly-owned subsidiary, Shanghai Huaming Power Equipment Manufacturing Co., Ltd. Before this guarantee, the company's guarantee balance for Shanghai Huaming was 913 million yuan, and after the guarantee, it was 963 million yuan, within the authorized limit of 1.3 billion yuan. Shanghai Huaming was established in 1995 and is a 100% owned subsidiary of the company, with a debt-to-asset ratio of 53.60% and is not a dishonest executor. As of the announcement date, the company and its subsidiaries have a guarantee limit of 2,032.50 million yuan, with actual guarantees of 450.0281 million yuan, and no overdue or other adverse situations