Sanmei Chemical adjusts subsidiary guarantee, overall exposure stable

Zhejiang Sanmei Chemical Industry Company Limited (Sanmei Chemical) announced an adjustment to its guarantee for its controlled subsidiary, Chongqing Jialihe New Material Technology Co., Ltd. (Jialihe). The company initially provided guarantees totaling RMB 53,845.02 million. Following the termination of an "Credit Line Agreement" and the signing of a supplementary "Fixed Asset Loan Contract," Sanmei Chemical's RMB 6,992.86 million guarantee responsibility was released.

Simultaneously, the company provided a new guarantee of RMB 6,992.86 million, aligning with an increase in Jialihe's loan amount from RMB 67,000.00 million to RMB 77,000.00 million. Despite these adjustments, Sanmei Chemical's actual outstanding guarantee balance for Jialihe remains unchanged at RMB 59,439.31 million. The guarantees are provided in proportion to Sanmei Chemical's 69.9286% equity stake in Jialihe, with other shareholders also participating proportionally. No counter-guarantees are in place.

As of the announcement date, the total external guarantee amount by Sanmei Chemical and its controlled subsidiaries is RMB 70,845.02 million, representing 11.00% of the company's latest audited net assets. Guarantees for controlled subsidiaries specifically total RMB 60,845.02 million, or 9.45% of the latest audited net assets. The company has no overdue external guarantees.