Core Viewpoint - The company has provided guarantees for its wholly-owned subsidiaries to support their financing needs, which aligns with the company's overall development strategy and does not pose risks to its operations [22]. Group 1: Guarantee Details - On November 24, 2025, the company signed a maximum guarantee contract with China Export-Import Bank Guangdong Branch, providing a joint liability guarantee for Guangdong Jinfat Technology Co., Ltd. with a maximum debt amount of RMB 440 million [1]. - The company also signed a maximum guarantee contract with Guangfa Bank Qingyuan Branch, providing a joint liability guarantee for Guangdong Jinfat with a maximum principal balance of RMB 90 million [1]. - Additionally, the company's subsidiary Zhuhai Jinfat Biomaterials Co., Ltd. signed a maximum guarantee contract with Zheshang Bank Shenyang Branch, providing a joint liability guarantee for Liaoning Jinfat Biomaterials Co., Ltd. with a maximum principal balance of RMB 50 million [2]. Group 2: Internal Decision-Making Process - The company held board meetings on April 18, 2025, and May 20, 2025, to approve the guarantee limits for subsidiaries, allowing for a guarantee limit of RMB 3.5 billion for Guangdong Jinfat and RMB 1 billion for Zhuhai Biomaterials [4]. - The total guarantee balance for Guangdong Jinfat after this guarantee will be RMB 1.573 billion, with a remaining available guarantee limit of RMB 1.926 billion [4]. - The total guarantee balance for Zhuhai Biomaterials after this guarantee will be RMB 579.67 million, with a remaining available guarantee limit of RMB 420.32 million [4]. Group 3: Credit Status of Guaranteed Entities - Both Guangdong Jinfat and Liaoning Jinfat Biomaterials are wholly-owned subsidiaries of the company, and their credit status is good, not classified as dishonest executors [3][6]. Group 4: Guarantee Agreement Main Content - The guarantee provided by the company is unconditional and irrevocable, covering all debts under the main contracts, including principal, interest, penalties, and other fees [8][9]. - The guarantee period for each main contract is calculated separately, lasting three years from the due date of the guaranteed debts [10][19]. Group 5: Necessity and Reasonableness of the Guarantee - The guarantees are deemed necessary to support the business development and operational needs of the subsidiaries, aligning with the company's overall interests and development strategy [21]. - The company maintains effective management over its subsidiaries, allowing it to monitor their credit status and performance capabilities, thus controlling guarantee risks [21]. Group 6: Total External Guarantees - As of November 24, 2025, the total external guarantees provided by the company and its subsidiaries amount to RMB 23.22 billion, representing 129.27% of the audited net assets attributable to shareholders of the listed company, with no overdue guarantees reported [22].