Hanrui Cobalt extends significant credit guarantees to wholly-owned subsidiaries

Nanjing Hanrui Cobalt Co., Ltd. announced it will provide guarantees for its wholly-owned subsidiaries, Nanjing Hanrui New Materials Co., Ltd. and Hanrui Cobalt (Singapore) Pte. Ltd., to apply for bank credit facilities. The company will guarantee up to 10,000,000 yuan for Nanjing Hanrui New Materials’ credit application with China Bank Nanjing Chengnan Branch, with the guarantee period extending three years from the debt maturity date.

Additionally, the company will provide a 200,000,000 yuan guarantee for Hanrui Cobalt (Singapore) Pte. Ltd.'s credit application with China Merchants Bank Nanjing Branch. This guarantee also covers a period of three years from the effective date of the guarantee, applicable to each loan or other financing's maturity date or advance date under the master contract. These guarantees are within the scope of previously approved 2025 financing and guarantee quotas.

As of the disclosure date, Hanrui Cobalt and its subsidiaries' total guarantee amount is 615,000,000 yuan, representing 110.96% of the company's net assets as audited in 2024. The total provided guarantee amount is 211,380,000 yuan, which is 38.14% of the company's 2024 audited net assets. All guarantees are between the company and its wholly-owned subsidiaries, with no external guarantees.