Fenglin Wood Industry guarantees loans for wholly-owned subsidiaries

Guangxi Fenglin Wood Industry Group Co. (Fenglin Group) has provided new guarantees totaling 20 million yuan for its wholly-owned subsidiaries, Guangxi Baise Fenglin Man-made Board Co. and Guangxi Fenglin Man-made Board Co. Each subsidiary received a guarantee of 10 million yuan. As of the announcement date, Fenglin Group has already provided Baise Fenglin with 161.90 million yuan in guarantees and Fenglin Man-made Board with 144.90 million yuan in guarantees.

The guarantees, effective from December 26, 2025, are extended through a guarantee contract with the Nanning Jiangnan Sub-branch of Guangxi Beibu Gulf Bank Co. The move is intended to meet the subsidiaries' daily operational funding needs and is within the 600 million yuan external guarantee limit approved at the 2024 annual general meeting on May 23, 2025.

These guarantees fall within the scope of approved external guarantees, do not involve counter-guarantees, and are not considered related-party transactions. The company's total external guarantees, including approved but unused amounts and actual outstanding balances, amount to 720 million yuan, representing 27.55% of the company's net assets as audited for 2024. Fenglin Group confirmed there are no overdue external guarantees.