Longquan Group: Provide a joint and several guarantee of up to 60 million yuan for its wholly-owned subsidiary.

Longquan Corporation announced that its wholly-owned subsidiary, Xinfeng Pipe Industry, has applied for comprehensive credit from Ningbo Bank for business development. The company has provided it with a maximum joint liability guarantee, with a maximum debt limit of 60 million yuan. This matter falls within the company's external guarantee limit for the year 2025 and does not require further approval. As of September 30, 2025, Xinfeng Pipe Industry's asset-liability ratio is 25.31%, with a revenue of 83.3474 million yuan and a net loss of 8.6892 million yuan from January to September 2025. As of the date of the announcement, the actual external guarantee balance of the company is 310 million yuan, accounting for 18.61% of the recent audited net assets attributable to the parent company, with no cases of overdue external guarantees or the like.