Jiemei Technology guarantees subsidiary's 300m yuan bank credit

Zhejiang Jiemei Electronic & Technology Co., Ltd. (Jiemei Technology) has announced progress on providing guarantees for its wholly-owned subsidiary, Zhejiang Jiemei Polymer Material Co., Ltd. Jiemei Technology signed a Maximum Guarantee Contract with Industrial and Commercial Bank of China Anji Branch on October 14, 2025, providing a joint and several liability guarantee for a maximum credit line of 300,000,000 yuan. This action is taken to meet the subsidiary's operational development needs.

The guarantee falls within a previously approved 3.5 billion yuan financing quota for the company and its subsidiaries, as sanctioned by the Fourth Board of Directors' Twenty-Second Meeting on April 15, 2025, and May 7, 2025, and the 2024 Annual General Meeting. Zhejiang Jiemei Polymer Material Co., Ltd. was established on June 21, 2023, with a registered capital of 80,000,000 yuan and is 100% held by Jiemei Technology.

As of June 30, 2025, the subsidiary reported total assets of 42,631,345.55 yuan and total liabilities of 13,867,783.72 yuan. Its net profit for the period ending June 30, 2025, was -104,777.22 yuan. The total actual guaranteed credit amount provided by Jiemei Technology for its subsidiaries, including this guarantee, totals 259,300,000 yuan, representing 88.04% of the company's latest audited net assets.