Zhouming Technology: Announcement on Guarantee Progress and Financial Situation of Subsidiaries.

Zhouming Technology announced that the company will provide guarantees of up to 2.7 billion yuan for its eleven wholly-owned and controlled subsidiaries for credit applications and daily operating loans in 2025, with the guarantee valid until the 2025 annual shareholders' meeting. Recently, the company has signed guarantee contracts with Industrial Bank Shenzhen Branch, China Merchants Bank Shenzhen Branch, and Shanghai Pudong Development Bank Hangzhou Branch to provide joint liability guarantees for Radioly, Lanpu Technology, and Hangzhou Bainian. As of the disclosure date of the announcement, the total guarantees for the three subsidiaries were 1.07 billion yuan, 0.50 billion yuan, and 0.60 billion yuan, with actual guarantee balances of 0.576 billion yuan, 0.15 billion yuan, and 0.26 billion yuan, respectively. In addition, the company has already fulfilled guarantee obligations for three customers, with Anhui Black Hole still owing 6.45 million yuan.