Nanjing Iron & Steel guarantees subsidiary loan for operational growth

Nanjing Iron & Steel Co., Ltd. announced a new guarantee of 30 million yuan for its controlled subsidiary, Helike Technology, with Zhongyuan Bank Anyang Branch. This guarantee, provided on September 9, 2025, is a joint and several liability guarantee for a maximum principal amount of 30 million yuan, supporting Helike Technology's credit facilities. The guarantee period spans from September 9, 2025, to August 4, 2026. This action is part of the company's approved 2025 plan to provide up to 60 million yuan in new credit guarantees for Helike Technology.

Following this transaction, Nanjing Iron & Steel's newly increased guarantee limit for Helike Technology totals 55 million yuan, with a remaining available limit of 5 million yuan. The company holds a 100% stake in Helike Technology. As of the announcement date, the company and its controlled subsidiaries' total external guarantees amount to 10.485 billion yuan, representing 40.28% of the company's latest audited net assets.

The guarantee is secured by a counter-guarantee from Helike Technology and its shareholders, including Hunan Futian Xingye Investment Group Co., Ltd. and Zhai Wen, mitigating risk for Nanjing Iron & Steel. The company confirmed that there are no overdue external guarantees.