Progress announcement of Kanglongda providing RMB 38 million guarantee for its holding subsidiary.

Zhejiang Kanglongda Special Protective Technology Co., Ltd. issued a progress announcement on providing guarantees for its holding subsidiary Jiangxi Tiancheng Lithium Co., Ltd. The company recently provided a joint and several guarantee of 38 million yuan for the "Financing Lease Contract" signed between Tiancheng Lithium and Zhejiang Golden Lease, with the actual guarantee balance reaching 130 million yuan. As of the announcement date, the total amount of external guarantees provided by the listed company and its holding subsidiaries was 806.83 million yuan, accounting for 131.37% of the most recent audited net assets, and there were no overdue external guarantees. This guarantee has been approved by the company's board of directors and shareholders' meeting, aiming to meet the daily production and operation needs of the subsidiary while ensuring controllable guarantee risks.