SMART CONTROL provides a guarantee of 4.9 million yuan for its affiliated company

SMART CONTROL announced that the company has provided a guarantee for its associate company Shandong Jinying Energy Technology Co., Ltd. The company and its wholly-owned subsidiary have previously been approved to provide a guarantee limit of no more than 120 million yuan for Shandong Jinying. This time, the company provided a joint liability guarantee for a loan of 4.9 million yuan from the Bank of China, Binzhou Xicheng Branch, for a period of three years. In the first half of 2025, Shandong Jinying's revenue was 65.044 million yuan, with a net profit of 36,300 yuan and a debt-to-asset ratio of 74.48%. The company indirectly holds 49% of its equity through its subsidiaries. As of the announcement date, the actual guarantee amount of the company and its subsidiaries does not exceed 218 million yuan, accounting for 21.92% of the audited net assets attributable to the parent company for 2024