Sinoma science & technology's Hungary lithium project gets CNY 64m guarantee

Sinoma Science & Technology's subsidiary, Sinoma (Hungary) Limited Liability Company, will receive a guarantee from Sinoma Lithium Film Co., Ltd. for a bank loan of up to CNY 64,000,000.00 (or equivalent foreign currency) to fund its wet-coated diaphragm base project. Following this guarantee, the company’s total guarantee amount will be CNY 95,958.03 million (as of November 7, 2025).

Concurrently, the company announced Mr. Gao Ling's resignation as cfo due to job changes, and Mr. Chen Zhaoxin was appointed as the new cfo, effective November 7, 2025.

Additionally, Sinoma Science & Technology renewed its financial services agreement with China National Building Material Group Finance Co., Ltd. for deposit, settlement, and comprehensive credit services until December 31, 2028. The agreement includes daily deposit balances not exceeding CNY 220,000,000.00 and comprehensive credit facilities not exceeding CNY 350,000,000.00 for 2026, 2027, and 2028, with settlement services provided free of charge. This aligns with a risk assessment finding the finance company’s operations to be stable and compliant with regulatory requirements.