Longquan Corporation provided a guarantee of 10 million RMB to its wholly-owned subsidiary.

Shandong Longquan Pipe Industry Co., Ltd. announced that its wholly-owned subsidiary, Zibo Longquan Pipe Industry Co., Ltd., needs to apply for comprehensive credit from financial institutions for business expansion. The company has signed a "Maximum Amount Guarantee Contract" with Qingdao Bank Zibo Zichuan branch, providing Zibo Longquan with a maximum amount of 10 million yuan in joint liability guarantee. This matter falls within the scope of the guarantees approved for the company in 2025 and does not need to be submitted for approval again. Zibo Longquan's latest asset-liability ratio is 62.95%. As of the announcement date, the actual external guarantee balance of the company is 310 million yuan, accounting for 18.61% of the recently audited attributable net assets of the company's shareholders, with no overdue or bad guarantee situations.