Oriental Yuhong commits RMB 46 bn in guarantees to subsidiaries

Beijing Oriental Yuhong Waterproof Technology Co., Ltd. (the "Company") has provided substantial guarantees for its wholly-owned and controlling subsidiaries to ensure their sustained and healthy development. These guarantees, totaling RMB 46 billion, were approved during meetings in February and March 2025. The total guarantee amount for subsidiaries includes RMB 200,000,000 for Henan Oriental Yuhong, RMB 60,000,000 for Huizhou Oriental Yuhong, RMB 220,000,000 for Shanghai Technology Company, RMB 160,000,000 for Qingdao Oriental Yuhong, and RMB 80,000,000 for Xianyang Oriental Yuhong.

Following the latest guarantee transactions, the Company's total outstanding guarantee balance for its subsidiaries and external parties will be RMB 628,054,890,000, representing 25.19% of its net assets as of December 31, 2024. Specifically, the guarantees to its wholly-owned and controlling subsidiaries amount to RMB 623,301,890,000, which is 25.00% of the Company's net assets.

The Company has executed several high-value maximum guarantee contracts, including RMB 7,000,000 for Henan Oriental Yuhong with Ping An Bank, RMB 5,000,000 for Huizhou Oriental Yuhong with Shanghai Pudong Development Bank, RMB 5,000,000 for Huizhou Oriental Yuhong with Postal Savings Bank, RMB 4,000,000 for Shanghai Technology Company with Postal Savings Bank, RMB 18,000,000 for Qingdao Oriental Yuhong with Qingdao Bank, and RMB 7,000,000 for Xianyang Oriental Yuhong with Industrial and Commercial Bank of China. The company confirms no overdue external guarantees, no guarantees involved in litigation, or losses from litigation.