ST Huayang announced that in order to meet operating capital requirements, the company applied for a 50 million yuan working capital loan from the Changsha branch of China CITIC Bank and 50 million yuan commercial acceptance bill guarantee business from the Changsha branch of China CITIC Bank. The controlling shareholder, Xiangjiang Group, provided a guarantee. The company signed a counterguarantee agreement with it, provided an equal amount of joint and several liability counterguarantees, and paid a guarantee fee of 0.5% per year. The company considered and approved an additional financing guarantee of 1 billion yuan to the Xiangjiang Group, and the total guarantee limit was adjusted to 2 billion yuan. As of the announcement date, the total external guarantees of the Company and its holding subsidiaries amounted to RMB 2,602 billion, accounting for 609.19% of the most recent audited net assets, with no overdue guarantees.

ST Huayang announced that in order to meet operating capital requirements, the company applied for a 50 million yuan working capital loan from the Changsha branch of China CITIC Bank and 50 million yuan commercial acceptance bill guarantee business from the Changsha branch of China CITIC Bank. The controlling shareholder, Xiangjiang Group, provided a guarantee. The company signed a counterguarantee agreement with it, provided an equal amount of joint and several liability counterguarantees, and paid a guarantee fee of 0.5% per year. The company considered and approved an additional financing guarantee of 1 billion yuan to the Xiangjiang Group, and the total guarantee limit was adjusted to 2 billion yuan. As of the announcement date, the total external guarantees of the Company and its holding subsidiaries amounted to RMB 2,602 billion, accounting for 609.19% of the most recent audited net assets, with no overdue guarantees.