Phichem Materials guarantees HK subsidiary's RMB 200m loan

Shanghai Phichem Material Technology Co., Ltd. announced a guarantee for its wholly-owned subsidiary, Hong Kong Kai Chuang Co., Ltd. The guarantee is a maximum of RMB 200,000,000 (or equivalent foreign currency) and covers all creditor and debt contracts signed within a specified period with Nanyang Commercial Bank (China) Limited Shanghai Branch. The guarantee is a joint and several liability, effective for three years from the principal debt's maturity date.

This guarantee falls within the previously approved comprehensive credit limit of up to RMB 3,500,000,000 (or equivalent foreign currency) for 2025, which shareholders approved. As of November 30, 2025, the actual guarantee balance provided by the company for its subsidiaries amounted to RMB 401,330,000, representing 9.98% of the company's latest audited net assets.

Hong Kong Kai Chuang Co., Ltd., established on June 16, 2021, with a registered capital of $1,000,000, specializes in the research, development, and trading of photoresist-related materials and equipment. As of September 30, 2025, the company reported total assets of RMB 99,455,200 and a net profit of RMB 3,989,400 for the period of January to September 2025. Hong Kong Kai Chuang Co., Ltd. is not listed as a dishonest party subject to enforcement.