Jiangsu Huachen plans to provide a guarantee of up to 100 million yuan for its holding subsidiary.

On August 21, 2025, Jiangsu Huachen Transformer Co., Ltd. announced that in order to meet the daily operating capital needs of its holding subsidiary Jiangsu Huabian Power Engineering Co., Ltd., it plans to provide a guarantee of up to 100 million yuan for the comprehensive credit application it is applying to the bank. The guarantee amount will be valid for 12 months from the date of approval by the board of directors, and can be used cyclically. The company holds 70% of Huabian Power's shares, and its asset-liability ratio is 8%. As of the disclosure date of the announcement, the company and its holding subsidiaries have provided guarantees to external parties totaling 80 million yuan. After this guarantee, the total amount of guarantee within the valid period is 180 million yuan, accounting for 17.63% of the company's most recent audited net assets, with no overdue guarantees.