NBTM new materials restructures guarantee for grand-subsidiary, boosting coverage to 110m yuan

NBTM New Materials Group Co., Ltd. (NBTM) announced that on September 25, 2025, it reached an agreement with Shanghai Pudong Development Bank Ningbo Branch to early terminate a maximum guarantee contract originally signed on May 6, 2024. This previous guarantee covered 60,000,000 yuan for its grand-subsidiary, Lianyungang Fuchi Intelligent Manufacturing Technology Co., Ltd.

Simultaneously, NBTM entered into a new maximum guarantee contract with the bank, effective from September 25, 2025, to September 25, 2028. This new guarantee provides a maximum coverage of 110,000,000 yuan for Lianyungang Fuchi Intelligent Manufacturing Technology Co., Ltd.'s financing activities. The current actual outstanding guarantee provided by NBTM to the grand-subsidiary is 155,000,000 yuan, with no outstanding balance under the newly provided guarantee.

Lianyungang Fuchi Intelligent Manufacturing Technology Co., Ltd. is a wholly-owned subsidiary of Shanghai Fuchi High-Tech Co., Ltd., in which NBTM holds a 64.25% equity interest. As of June 30, 2025, Lianyungang Fuchi reported total assets of 446,127,000 yuan, liabilities of 282,061,000 yuan, and net assets of 164,066,000 yuan, with a net profit of 8,636,200 yuan for the first half of 2025.