Tianrui Cement: New guarantee framework details, facilities secured through 2028

China Tianrui Group Cement Company Limited has entered into new continuing connected transactions, effective from January 1, 2026, to December 31, 2028. These include the 2025 Deposit Services Agreement and the 2025 Financial Services Agreement with Tianrui Finance, and the 2025 Framework Agreement for mutual guarantees with Tianrui Group Company and Tianrui Cement. The Deposit Services Agreement sets a maximum daily deposit balance of 1,200 million yuan for each year, while the Financial Services Agreement provides for credit services with an aggregate daily balance not exceeding 3,000 million yuan annually and free settlement services.

Under the 2025 Framework Agreement, the company will provide a guarantee of up to 2,500 million yuan daily, and Tianrui Group Company will provide a guarantee of up to 9,000 million yuan daily. Mr. Li, the controlling shareholder, will provide a counter-guarantee to indemnify the company for any amounts payable under the Company Guarantee. The Deposit Services Agreement and the Company Guarantee constitute major transactions and continuing connected transactions requiring Independent Shareholders' approval, while the Credit Services, Settlement Services, and Tianrui Group Guarantee are exempt from certain Listing Rules requirements.