Juhua Chemical guarantees loans for key subsidiaries totaling over RMB 4.7bn

Zhejiang Juhua Co. has provided new guarantees totaling RMB 3,995.43 million for its subsidiary, Zhejiang Jinju Chemical Co., Ltd. (Jinju Company), and $100 million for Ningbo Juhua Chemical Technology Co., Ltd. (Ninghua Company). These guarantees are extended to secure financing for the subsidiaries' daily operations and development. Jinju Company's guarantee has a 36-month term and Ninghua Company's a 6-month term, both as joint and several liability guarantees.

The guarantees are in line with previously approved resolutions by the company's board of directors. For Jinju Company, the guarantees facilitate project construction and working capital loans, while for Ninghua Company, they support general financing needs. As of the announcement date, the company's cumulative external guarantee balance, including these new provisions, stands at RMB 76,063.65 million.

This total represents 3.96% of the company's net assets as of the end of 2024, based on audited figures. All guaranteed entities are controlled subsidiaries consolidated into Zhejiang Juhua's financial statements, and the company confirms no overdue guarantees.