Hao Mei New Materials: providing a guarantee of 666 million yuan for its subsidiary Hao Mei Precision.

Haomei New Materials announced that in order to meet the funding needs of its subsidiary Haomei Precision for production and operation, the company recently signed guarantee contracts with China Bank Qingyuan Branch, Agricultural Bank Nanhai Dalu Branch, Bohai Bank Foshan Branch, and HSBC to provide a joint and several liability guarantee for the principal debt balance not exceeding RMB 666 million or equivalent amount in other currencies. Prior to this guarantee, the company's guarantee balance for Haomei Precision was RMB 1.426 billion, with an available guarantee amount of RMB 784 million. As of the announcement date, the company's total external guarantees amounted to RMB 1.566 billion, accounting for 58.22% of the company's most recent audited net assets.