Xinan Group provides 2.16 bn yuan in guarantees for subsidiaries

Zhejiang Xinan Chemical Industrial Group has extended 2.16198 billion yuan in guarantees to its controlled subsidiaries as of August 31, 2025. These guarantees represent 17.37% of the company's net assets attributable to listed company shareholders as of the 2024 audited figures, with no outstanding overdue external guarantees reported. The guarantees support various subsidiaries including Zhenjiang Jiangnan Chemical, Hefei Xingyu Chemical, and Fujian Xinan Technology, facilitating their operational and business development needs.

In a related development, Zhejiang Xinan Chemical Industrial Group will hold a 2025 semi-annual performance briefing on September 16, 2025, from 15:00 to 17:00. Conducted online, the briefing will allow investors to interact with the company's management, including chairman Wu Yanming and cfo Yang Wanqing, regarding its half-year performance and other matters.

The guarantees, approved by the shareholders' meeting, are considered necessary and reasonable given the company's control over the guaranteed entities and their good operating conditions, mitigating potential risks and supporting the group's overall business objectives. Some guarantees are partially counter-guaranteed by other shareholders of the respective subsidiaries.