Yongtai Technology doubles VC production, provides subsidiary guarantees

Zhejiang Yongtai Technology announced that its wholly-owned subsidiary, Inner Mongolia Yongtai Chemical, has passed expert review for trial production of its 5,000-ton lithium battery additive VC (ethylene carbonate) project, effective November 17, 2025. This new capacity, adding to the existing 5,000 tons per year, will double the company's VC production to 10,000 tons per year, enhancing its market position and competitiveness in lithium battery materials.

The company also reported on progress in providing guarantees for its subsidiaries. Following a resolution passed on May 19, 2025, Zhejiang Yongtai Technology will provide a guarantee for a principal amount of 100 million yuan for its wholly-owned subsidiary, Hangzhou Yongtai Shouxin Biomedical. This guarantee, part of a cumulative maximum of 4.3 billion yuan approved for subsidiary financing, underscores the company's support for its subsidiaries' operational needs.

As of the announcement date, the total outstanding guarantees for subsidiaries amount to 3.147 billion yuan, representing 117.82% of the company's latest audited net assets. The company noted that this guarantee activity is within the scope of shareholder approval, involves no related-party transactions, and does not negatively impact the company's normal operations or the interests of small and medium shareholders.