SY Holdings extends financial support to affiliated company until 2027

SY Holdings Group Limited, through its indirect subsidiaries Sheng Long and SY Factoring, has entered into a Supplemental Financial Assistance Agreement with Ningbo Guofu Commercial Factoring Co., Ltd (NBGF) on December 19, 2025. This agreement extends financial assistance to NBGF, an affiliated company, until December 31, 2027, from the previous term ending December 31, 2025. The aggregated maximum amount of financial assistance remains RMB21 bn, subject to regulatory compliance.

Under the revised terms, Sheng Long will provide unsecured guarantees for NBGF's debt financing in proportion to its shareholding, with SY Factoring offering joint and several guarantees (Financial Assistance A). Additionally, Sheng Long will provide unsecured shareholder loans jointly with NDIG to NBGF (Financial Assistance B), with interest rates not exceeding the Loan Prime Rate. The amount of Financial Assistance A corresponding to the principal balance of debt financing actually used shall not exceed RMB1,575m per month.

As of December 18, 2025, NBGF had utilized approximately RMB868.8m of the financial assistance, RMB816.3m of which constituted guarantees for banking facilities. This transaction is classified as a discloseable transaction under Chapter 14 of the Listing Rules due to applicable percentage ratios exceeding 5% but remaining below 25%, and is subject to general disclosure obligations as advances to an affiliated company exceed 8% of the Group’s assets ratio.