Embarking on Sailing Cable: Provided 200 million yuan in guarantee for the subsidiary Chizhou Embarking on Sailing.

The announcement of Qifan Cable stated that, in order to support the business development of its subsidiary, the company has signed a "Maximum Amount Guarantee Contract" with the Bank of Communications Tongling Branch to provide joint responsibility guarantee for the 2 billion yuan financing business of its wholly-owned subsidiary Chizhou Qifan Cable, with a term of three years and without any counter-guarantees. This guarantee is within the expected annual quota and does not require additional approval. As of the announcement date, the company's total external guarantees amount to 19.45 billion yuan, accounting for 41.92% of the most recent audited net assets. Chizhou Qifan's revenue in the first three quarters of 2025 was 6.737 billion yuan, with a net profit of 76.5835 million yuan.