Jiangsu Huachen: Intends to provide guarantees of not more than 100 million for its holding subsidiary.

Announcement of Jiangsu Huachen Transformer Co., Ltd.: In order to meet the daily operating capital needs of its holding subsidiary Jiangsu Huabian Power Engineering Co., Ltd., the company intends to provide a guarantee of not more than 100 million yuan for its comprehensive credit application to the bank. The guaranteed amount will be valid for 12 months from the date of approval by the board of directors and can be used repeatedly. The company holds 70% of the shares of Huabian Power, with an asset-liability ratio of 8%. As of the disclosure date of the announcement, the total amount of guarantees provided by the company and its holding subsidiaries to external parties is 80 million yuan. After this guarantee, the total amount of guarantees in effect is 180 million yuan, accounting for 17.63% of the company's most recent audited net assets, with no overdue guarantees.