Linzhou Heavy Machinery sets meeting for large related party guarantee

Linzhou Heavy Machinery Group Co., Ltd. announced that its wholly-owned subsidiary, Beijing Zhongkelinzong Technology Co., Ltd., will provide a one-year guarantee of 20,000,000 yuan for a loan facility for Mr. Guo Hao. Mr. Guo Hao, the son of the company's controlling shareholders, Mr. Guo Xiansheng and Ms. Han Luyun, will provide a counter-guarantee to Zhongkelinzong. As of the disclosure date, the total outstanding guarantee amount provided by the company's related parties is 955,863,400 yuan.

The board of directors approved this transaction, noting that the financing will be used for the company's production and operations, and the associated risks are controllable. This guarantee will increase the company’s total external guarantee balance to 1,071,818,400 yuan, representing 168.18% of the company’s latest audited net assets. The guarantee also exceeds 100% of the latest audited net assets, necessitating shareholder approval.

An extraordinary general meeting is scheduled for October 10, 2025, to vote on the guarantee and other proposals, including amendments to the company's articles of association and various internal management systems. Related parties will abstain from voting on the guarantee proposal.