Wuzhou Special Paper announced that its wholly-owned subsidiary Wuzhou Special Paper signed a contract with the Quzhou Qujiang branch of the Agricultural Bank to provide Zhejiang Five Star with a joint liability guarantee of no more than 140 million yuan; the company signed a contract with CCB Quzhou Qujiang Branch to provide Zhejiang Five Star with a joint liability guarantee of no more than 30 million yuan. The total guarantee amount this time was 170 million yuan, and the actual guarantee balance reached 841 million yuan. As of the announcement date, the total external guarantees of the Company and its holding subsidiaries were $8.692 billion, accounting for 246.16% of the latest audited net assets, with no overdue guarantees. Zhejiang Five Star is a wholly-owned subsidiary of the company, and the company holds 100% of its shares.

Wuzhou Special Paper announced that its wholly-owned subsidiary Wuzhou Special Paper signed a contract with the Quzhou Qujiang branch of the Agricultural Bank to provide Zhejiang Five Star with a joint liability guarantee of no more than 140 million yuan; the company signed a contract with CCB Quzhou Qujiang Branch to provide Zhejiang Five Star with a joint liability guarantee of no more than 30 million yuan. The total guarantee amount this time was 170 million yuan, and the actual guarantee balance reached 841 million yuan. As of the announcement date, the total external guarantees of the Company and its holding subsidiaries were $8.692 billion, accounting for 246.16% of the latest audited net assets, with no overdue guarantees. Zhejiang Five Star is a wholly-owned subsidiary of the company, and the company holds 100% of its shares.