Longzhou Group's wholly-owned subsidiary has extended a guarantee of 17 million for its subsidiary until 2028.

Longzhou Group Announcement, the wholly-owned subsidiary Changfeng Special Vehicles applied for a comprehensive credit of 80 million yuan from the Longyan Branch of Industrial Bank, and the wholly-owned subsidiary Xuefeng Automobile provided a maximum of 17 million yuan in mortgage guarantee with its real estate. This time, the mortgage contract is due, and the application is to change the mortgage amount effective until December 31, 2028. Changfeng Special Vehicles has good operational and debt repayment capabilities, and financial risks are controllable. As of the announcement date, the company and its holding subsidiaries have external guarantees totaling 2,112.58 million yuan, accounting for 181.73% of the audited net assets in 2024, reminding investors to pay attention to the guarantee risk.