Fangyuan Corporation: Provide a joint guarantee of 100 million yuan for its wholly-owned subsidiary.

Fangyuan announced that, in order to meet the operational needs of its wholly-owned subsidiary Fangyuan Recycling, the company has signed a "Maximum Amount Guarantee Contract" with the Bank of China, providing a joint and several liability guarantee of up to 100 million yuan until December 31, 2026. This guarantee is a renewal of a previous contract and does not increase the total guarantee balance, which remains at 1.34 billion yuan after the guarantee. As of the date of the announcement, the actual external guarantee balance of the company and its controlling subsidiaries accounted for 238.84% of the most recent audited net assets, and there are no overdue guarantee situations.