宁波联合集团股份有限公司关于全资子公司为参资公司提供担保的进展公告

Core Viewpoint - Ningbo United Group Co., Ltd. has announced the provision of guarantees by its wholly-owned subsidiary, Ningbo Economic and Technological Development Zone Thermal Power Co., Ltd., for its associated company, Ningbo Jintong Financing Leasing Co., Ltd., with a total guarantee amount of 96.5 million RMB [2][3][5]. Summary by Sections Guarantee Overview - The guarantor is Ningbo Economic and Technological Development Zone Thermal Power Co., Ltd. [2] - The total guarantee amount is 96.5 million RMB, with an existing guarantee balance of 283.5 million RMB for Ningbo Jintong Financing Leasing Co., Ltd. [2] Shareholder Meeting Decisions - On May 9, 2025, the company held its annual shareholder meeting, approving a guarantee limit of 360 million RMB for the fiscal year 2025, with a 10% equity stake in the associated company [3]. Guarantee Contracts - On November 20, 2025, the thermal power company signed a maximum guarantee contract with Bank of China for a debt maximum of 56.5 million RMB [9][10]. - A separate guarantee contract was signed with Bank of Communications for a maximum debt of 40 million RMB [11]. Financial Health of the Guaranteed Entity - Ningbo Jintong Financing Leasing Co., Ltd. has an asset-liability ratio exceeding 70% [6]. - The company has no overdue guarantees and has a total approved external guarantee amount of 1.29 billion RMB, with 930 million RMB for subsidiaries [15]. Related Party Transactions - The company’s vice president, Mr. Wang Yanliang, is also a director at Ningbo Jintong Financing Leasing Co., Ltd., establishing a related party relationship [8].