Fangda Special Steel shareholders approve guarantee adjustments for subsidiaries

Fangda Special Steel Technology Co. announced the successful conclusion of its fourth extraordinary general meeting of shareholders for 2025, held on December 15, 2025. Key resolutions included the adjustment of guarantee limits with Fangda Carbon New Material Technology Co. and the provision of guarantees for its wholly-owned subsidiary. These resolutions passed without any opposing votes from the 595 attendees representing 54.19% of the company's voting shares.

Following the approvals, the company's, including its subsidiaries, total external guarantees amount to 380,800 million yuan. This figure, encompassing mutual guarantees with Fangda Carbon New Material Technology Co., represents 40.96% of the company's net assets as of the latest audited period. Guarantees for controlling subsidiaries total 330,800 million yuan, or 35.58% of the company's latest audited net assets.

The meeting also confirmed that Jiangxi Fangda Iron & Steel Group Co. and Jiangxi Automobile Leaf Spring Co., as related parties, abstained from voting on the related guarantee proposals due to conflicts of interest. The company confirmed it has no overdue guarantees.