Group 1 - The company Guangdong Feinan Resource Utilization Co., Ltd. has signed a maximum guarantee contract with Guangzhou Bank Foshan Branch, providing a joint liability guarantee for a financing application of 250 million yuan [2][3] - The guarantee period is three years from the expiration of the debt performance period [5] - The guarantee does not involve related transactions and there are no counter-guarantees [3] Group 2 - The main debtor is Guangdong Feinan Resource Utilization Co., Ltd., and the guarantor is its wholly-owned subsidiary, Jiangxi Feinan Environmental Protection Technology Co., Ltd. [4] - The company operates in industrial waste disposal and comprehensive utilization, as well as processing and sales of non-ferrous and precious metals [4] - The registered capital of the company is approximately 402.1 million yuan [4] Group 3 - The total amount of guarantees provided by the company and its subsidiaries is 5 billion yuan, with a total balance of 1.669 billion yuan, accounting for 36.94% of the net assets attributable to ordinary shareholders for 2024 [7] - There are no overdue guarantees or guarantees involving litigation [7] - The financing is necessary for daily operations and aligns with the company's overall development strategy [7]

Overview of Guarantee Situation - Guangdong Feinan Resource Utilization Co., Ltd. (the company) has a wholly-owned subsidiary, Jiangxi Xingnan Environmental Protection Technology Co., Ltd. (Jiangxi Xingnan), which recently signed a guarantee contract with the Zhaoqing branch of Bank of Communications to provide a joint liability guarantee for the company's financing application, with a maximum debt amount of 240 million yuan and a guarantee period of three years after the debt performance period ends [2][6]. Details of the Guarantee Agreement - The creditor is Bank of Communications Zhaoqing Branch, and the debtor is Guangdong Feinan Resource Utilization Co., Ltd. [5] - The guarantee amount is capped at 240 million yuan, covering all principal and interest, compound interest, penalty interest, damages, and costs related to enforcing the debt [6]. Financial and Operational Context - The financing is necessary for the company's daily operations, and the guarantee provided by Jiangxi Xingnan is expected to help meet operational funding needs, aligning with the company's overall development strategy [7]. - As of the announcement date, the total guarantee amount for the company and its subsidiaries is 5 billion yuan, with a total outstanding guarantee balance of 1.669 billion yuan, representing 36.94% of the net assets attributable to ordinary shareholders for 2024 [8].