Taishan New Materials Group provided a total guarantee of 2.1 billion yuan to its subsidiary, with total guarantees amounting to nearly 4.5 billion yuan.

Zhejiang Taihua New Materials Group Co., Ltd. announced that it will provide a guarantee of 105 million yuan to its holding subsidiaries Jiahua Special Nylon Co., Ltd. and Jiahua Recycled Nylon Co., Ltd., with a joint liability guarantee. As of the announcement date, the total amount of guarantees provided by the company and its holding subsidiaries to external parties is 4,516.98 million yuan, accounting for 89.36% of the most recent audited net assets, exceeding 50% of the net assets. This guarantee is within the company's annual authorized limit and does not require separate approval. The guarantor's business and debt repayment capabilities are good, the guarantee risk is controllable, and there are no instances of overdue guarantees.