LANCANG TEA (06911) provides guarantees for its subsidiary company to arrange a credit agreement.

LANCANG TEA (06911) announced that its wholly-owned subsidiary, Guangzhou Kangrui LANCANG TEA e-commerce Co., Ltd., signed a Credit Agreement with China Merchants Bank Guangzhou Branch on April 22, 2026. The Credit Agreement, with the number 120XY260421T000197, provides a credit limit of RMB 10 million. The company and its wholly-owned subsidiary, Pu'er LANCANG TEA Renhe Co., Ltd. (Pu'er Renhe), intend to further sign Irrevocable Guarantees with China Merchants Bank, with the numbers 120XY260421T00019703 and 120XY260421T00019702, respectively. They agree to jointly guarantee all debts under the Credit Agreement. Through these agreements, the group aims to broaden its financing channels, supplement the necessary funds for its operations, and optimize its debt structure. The terms of the Credit Agreement and Guarantees were determined through fair negotiations by the contracting parties. The board of directors (including all independent non-executive directors) believes that the terms of the agreements are fair and reasonable, established on normal commercial terms, and are in the overall interests of the company and its shareholders.