Yunnan Energy New Material extends guarantees to subsidiaries

Yunnan Energy New Material Co., Ltd. announced new guarantee agreements for its subsidiaries, following approval from its board and shareholders. These guarantees include a 100 million yuan guarantee for Suzhou Jieli New Energy Material Co., Ltd.'s financing lease with Changjiang United Financial Leasing Co., Ltd. and a 200 million yuan guarantee for Jiangsu Enjie New Material Technology Co., Ltd.'s financing lease with the same institution.

Additionally, the company provided a 300 million yuan guarantee for Chongqing Enjie New Material Technology Co., Ltd.'s comprehensive credit line with the Chongqing Changshou Branch of Bank of China. The company's controlled subsidiary, Shanghai Enjie New Material Technology Co., Ltd., also issued a letter of commitment to Syensqo SA, guaranteeing payment obligations up to €800,000 for SEMCORP Hungary Korlátolt Felelősségű Társaság.

As of the disclosure date, the company's total approved guarantees for its subsidiaries reached 6 billion yuan, representing 245.19% of its most recent audited net assets attributable to listed company shareholders. The actually signed and effective guarantee amount stands at 3.897 billion yuan, which is 159.27% of its net assets. The company reported no other external guarantees, overdue external guarantees, guarantees involving litigation, or losses from judgment failures.