E-Commodities guarantees 600m yuan for subsidiary's trade finance

E-Commodities Holdings Limited has agreed to provide a corporate guarantee of up to 600 million yuan for its wholly-owned subsidiary, Hainan More Richway Supply Chain Management Co., Ltd. This guarantee supports a banking facilities agreement between Hainan More Richway and Bank of China Limited Yangpu Branch, providing a credit limit not exceeding 1.6 billion yuan. The credit facility is for Hainan More Richway's trade finance operations and the issuance of bank acceptance bills.

The facilities agreement and associated security documents establish a term for the credit facilities from October 20, 2025, to August 27, 2026. The company's corporate guarantee will be effective from October 20, 2025, until December 31, 2030, covering the due performance of business and obligations under the facilities.

The board believes this arrangement is beneficial to the group, providing additional financing resources for Hainan More Richway's business operations and strengthening its cashflow. The terms of the agreement and guarantee were determined through arm's-length negotiations.