Tianhai Defense: Providing guarantees of nearly 900 million yuan for its subsidiary's application for comprehensive credit authorization.

Tianhai Defense announced that, due to operational needs, it plans to provide guarantees for its wholly-owned subsidiary, Otsu Heavy Industries, when applying for comprehensive credit from Suzhou Bank and Nanjing Bank. Specifically, it will guarantee up to 120 million yuan with a term not exceeding 3 years for Otsu Heavy Industries in its application to Suzhou Bank, providing joint and several liability guarantees, with an additional guarantee amount of 100 million yuan. It will also guarantee up to 760 million yuan with a term not exceeding 1 year for Otsu Heavy Industries in its application to Nanjing Bank, providing joint and several liability guarantees, with an additional guarantee amount of 590 million yuan. As of the announcement date, the total effective external guarantee amount of the company is approximately 32.98 billion yuan, accounting for 157.54% of the audited net assets at the end of 2024. After the guarantees become effective, this ratio will increase to 190.50%.