Hanhe Cable guarantees subsidiary's $10m bank loan

Qingdao Hanhe Cable Co. announced further progress in its external guarantee arrangements. Following board approval on August 1, 2025, to provide guarantees totaling up to RMB 20 million for its subsidiary, Qingdao Duku New Materials Co., the company has now executed a specific agreement.

On September 22, 2025, the company signed a "Maximum Guarantee Contract" with the Qingdao Laoshan Branch of the Agricultural Bank of China. Under this contract, Qingdao Hanhe Cable Co. provides a joint and several liability guarantee for Duku New Materials, covering a maximum amount of RMB 10 million. The guarantee period for the primary debt is set from September 22, 2025, to September 21, 2026.

As of the disclosure date, the company's total external guarantee limit for itself and its controlled subsidiaries is RMB 701.5 million. The outstanding balance of external guarantees is RMB 192.47 million, representing 2.37% of the company's latest audited net assets. There are no overdue guarantees, guarantees involved in litigation, or losses from guarantees ruled against in court.