Jingxing Paper guarantees subsidiary's bank loan, within approved framework

Zhejiang Jingxing Paper Joint Stock (the Company) announced on September 3, 2025, that it has provided a maximum guarantee for its wholly-owned subsidiary, Pinghu Jingxing Packaging Materials Co., Ltd., with China CITIC Bank Corporation Limited, Jiaxing Branch. The guarantee covers a series of Pinghu Jingxing Packaging's debts to the bank from August 29, 2025, to August 29, 2026. This includes debt restructuring for new and old loans, extensions, and changes in repayment plans. The guaranteed principal amount is RMB50,000,000, along with associated interest, penalties, and other expenses.

The actual amount drawn under this maximum guarantee contract stood at RMB12,000,000 as of the announcement date. This guarantee is part of the Company's 2025 annual general meeting approval for providing guarantees to and by its subsidiaries.

Following this guarantee, the Company and its holding subsidiaries' total external guarantee balance amounts to RMB1,199,475,300. The total guarantee balance for units outside the consolidated statements is RMB252,000,000. These amounts represent 20.53% and 4.31% of the Company's net assets as of December 31, 2024, respectively. The Company and its subsidiaries have no overdue guarantees, guarantees involved in litigation, or guarantees for which they are liable due to unfavorable judgments.