CHINA RISUN GP (01907) subsidiary Tianjin Binhai Energy & Development enters into a framework agreement with the project company and Risun Holdings

CHINA RISUN GP (01907) announces that on September 23, 2026, Tianjin Binhai Energy & Development, an indirect non-wholly-owned subsidiary of the Company, entered into a framework agreement with the project companies and Risun Holdings. Pursuant to the framework agreement, Tianjin Binhai Energy & Development may, during the period up to December 31, 2028, provide loans to the project companies and/or provide guarantees for their financing and performance, and Risun Holdings has agreed to provide joint and several liability guarantees to Tianjin Binhai Energy & Development in respect of all debts owed by the project companies to Tianjin Binhai Energy & Development under the framework agreement and any specific loan agreements and/or guarantee agreements entered into pursuant thereto, in proportion to its shareholding in each project company. Each project company is an indirect non-wholly-owned subsidiary of the Company. The provision of loans by Tianjin Binhai Energy & Development to the project companies can reduce the Group's idle funds, reasonably allocate resources, and improve capital utilization, while the provision of guarantees by Tianjin Binhai Energy & Development to the project companies helps the project companies obtain financing from financial institutions, can meet the financing needs of the project companies and support their business development, and is in line with the overall interests of the Group and its future development strategy in the new materials industry. At the same time, Risun Holdings providing joint and several liability guarantees to Tianjin Binhai Energy & Development as counter-guarantees in proportion to its shareholding in each project company can effectively reduce the risk exposure of Tianjin Binhai Energy & Development in providing loans and guarantees to the project companies, and ensure that Risun Holdings, as a minority shareholder of the project companies, bears responsibility commensurate with its shareholding ratio.