Weifu High-Technology guarantees €3 million loan for subsidiary IRD Fuel Cells

Weifu High-Technology Group Co., Ltd. disclosed a new external guarantee for its wholly-owned subsidiary, IRD Fuel Cells A/S. This guarantee, approved on April 16, 2025, covers €3 million of a loan from CITIC Bank Shanghai Branch, using a pledge account. The total approved external guarantee for IRD Fuel Cells A/S for 2025 is up to 57.42 million yuan, with the current guarantee falling within this limit. IRD Fuel Cells A/S reported net assets of 403.91 million yuan as of June 30, 2025.

This financial move aligns with recent updates to the company's governance. At the Third Extraordinary General Meeting on September 15, 2025, shareholders approved revisions to several key internal policies, including the "Independent Director System" and the "Related Transaction Management System."

The total external guarantee amount by Weifu High-Technology Group and its controlled subsidiaries stands at approximately 472.89 million yuan, representing 2.38% of the latest audited net assets. The company confirms no other external guarantees outside the consolidated scope, nor any overdue, litigated, or loss-bearing guarantees.