SESPACE provides a guarantee of 66 million yuan for its subsidiary, proceeding in an orderly manner within the limit

Zhejiang Southeast Space Frame Co., Ltd. announced the progress of guarantees for its subsidiaries. Due to production and operational needs, the company recently signed a contract with Hangzhou Bank Guankou Branch to provide a maximum guarantee of 22 million yuan for its wholly-owned subsidiary Southeast Green Construction and 44 million yuan for its wholly-owned subsidiary Green Construction Steel Products. This guarantee falls within the approved limit of 8.05 billion yuan at the 2025 shareholders' meeting, with an available limit of 7.289 billion yuan after actual occurrence. The financial status of the guaranteed entities has been disclosed, with Southeast Green Construction having a debt-to-asset ratio of 51.98% and Green Construction Steel Products at 99.66%, neither of which are dishonest executors. The board of directors believes that the guarantee risk is controllable. As of the announcement date, the effective guarantee limit is 8.535 billion yuan, with an actual balance of 1.704 billion yuan, and no overdue or other anomalies