Core Viewpoint - Ningbo Fuda Co., Ltd. has announced the provision of guarantees for its subsidiaries, Mengzi Yingzhou Cement Co., Ltd. and Xinpingshan Cement Co., Ltd., to support their operational needs and ensure financial stability [1][6]. Summary by Sections Guarantee Overview - The total guarantee amount provided by the company for Mengzi Company is 30 million RMB, while for Xinpingshan Company, it is 50 million RMB, with a cumulative guarantee balance of 120 million RMB for Xinpingshan before this announcement [1][2]. - The company has provided a total of 250 million RMB in guarantees to its subsidiaries, with no overdue guarantees reported [2][6]. Subsidiary Information - **Mengzi Yingzhou Cement Co., Ltd.**: - Established on December 10, 2001, with a registered capital of 100 million RMB [3]. - As of March 31, 2025, it reported total assets of 415.74 million RMB and total liabilities of 218.78 million RMB, resulting in a debt-to-asset ratio of 52.6% [4]. - **Xinpingshan Cement Co., Ltd.**: - Established on October 18, 2018, with a registered capital of 100 million RMB [3]. - As of March 31, 2025, it reported total assets of 215.70 million RMB and total liabilities of 99.01 million RMB, resulting in a debt-to-asset ratio of 45.9% [4]. Guarantee Details - The guarantees are part of a supply chain finance initiative, with a total reverse factoring financing limit of 80 million RMB, effective until June 24, 2026 [2][3]. - The company will assume joint repayment responsibility for the debts of its subsidiaries under this financing arrangement [3][4]. Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary for the daily operational needs of the subsidiaries and are within the authorized limits set by the company's shareholders [6]. - The board of directors believes that these guarantees will not harm the interests of the company or its shareholders and will not adversely affect the company's operations [6].

Group 1 - The company held an employee meeting on May 20, 2025, to elect an employee director for the 11th Board of Directors, appointing Mr. Zhang Qingzhu for the term until the board's term ends [2][3] - The company adjusted the composition of several specialized committees during the 14th meeting of the 11th Board of Directors, which was held on the same day [3][6] - The board meeting had full participation with 7 directors voting, and all resolutions were passed unanimously [7][10] Group 2 - The company plans to engage in reverse factoring supply chain finance with banks to alleviate financial pressure in its cement sector, applying for a total credit limit of up to 200 million yuan, with 80 million yuan allocated for reverse non-recourse factoring [8][9] - The company will distribute the reverse factoring financing to its subsidiaries, with 30 million yuan allocated to Mengzi Yingzhou Cement Co., Ltd. and 50 million yuan to Xinpingshan Cement Co., Ltd. [8][9] - The board approved the proposal to engage in this financing and authorized management to act within the approved credit limit [9][10] Group 3 - The company announced the termination of a major asset restructuring plan that was initially disclosed on January 17, 2025, regarding the acquisition of at least 45% of Ningbo Jingxin Electronic Materials Co., Ltd. [12][13] - A self-inspection report confirmed that no insider trading occurred among individuals privy to the transaction during the inspection period from January 17 to May 10, 2025 [15][16]