Xinhuadu announced that the company has repeatedly reviewed and approved guarantees for subsidiary companies with a balance ratio of more than 70%, and the cumulative guarantee exposure amount does not exceed 2,470 billion yuan. The company signed three maximum guarantee contracts with the Fuzhou branch of Minsheng Bank to provide debt guarantees of up to 150 million yuan, 100 million yuan, and 60 million yuan respectively for Tibet Jiliang, Tibet Jiushi, and Tibet Jiujia. Prior to this guarantee, the guarantee balances for the above three companies were 1.06 billion yuan, 150 million yuan, and 0.3 billion yuan, respectively. After this guarantee, they were 1.21 billion yuan, 250 million yuan, and 90 million yuan respectively. As of the disclosure date of the announcement, the total external guarantee balance of the company and its holding subsidiaries was $1.62 billion, accounting for 80.35% of the latest audited net assets.

Xinhuadu announced that the company has repeatedly reviewed and approved guarantees for subsidiary companies with a balance ratio of more than 70%, and the cumulative guarantee exposure amount does not exceed 2,470 billion yuan. The company signed three maximum guarantee contracts with the Fuzhou branch of Minsheng Bank to provide debt guarantees of up to 150 million yuan, 100 million yuan, and 60 million yuan respectively for Tibet Jiliang, Tibet Jiushi, and Tibet Jiujia. Prior to this guarantee, the guarantee balances for the above three companies were 1.06 billion yuan, 150 million yuan, and 0.3 billion yuan, respectively. After this guarantee, they were 1.21 billion yuan, 250 million yuan, and 90 million yuan respectively. As of the disclosure date of the announcement, the total external guarantee balance of the company and its holding subsidiaries was $1.62 billion, accounting for 80.35% of the latest audited net assets.