Ninestar guarantees RMB 320m for wholly-owned subsidiary Zhuhai Ninestar Information Technology

Ninestar Corporation has executed a maximum guarantee contract with Industrial and Commercial Bank of China Zhuhai Branch to provide a guarantee of up to RMB 320 million for its wholly-owned subsidiary, Zhuhai Ninestar Information Technology Co., Ltd. This guarantee is a joint and several liability, covering principal, interest, precious metal lease fees, service fees, compound interest, penalties, damages, precious metal lease weight over/short charges, exchange rate losses, and other related expenses.

This guarantee falls within the previously approved limit of RMB 2.20 billion, which was authorized by the company's Eighth Board of Directors Fourth Meeting and 2025 Third Extraordinary General Meeting. The validity of this guarantee extends from the day following the expiration of the loan or precious metal lease period, or the date of external acceptance by ICBC Zhuhai Branch for bank acceptance agreements, or three years from the fulfillment of guarantee obligations for guarantee agreements, or three years from payment for letters of credit.

Following this latest transaction, the total external guarantee limit for Ninestar Corporation and its holding subsidiaries is RMB 7.311 billion, with a total outstanding guarantee balance of RMB 1.374 billion, representing 13.69% of the company's latest audited net assets. As of the announcement date, the company and its subsidiaries have no overdue external guarantees, no external guarantees involved in litigation, or losses from judicial rulings.