Summary of Key Points Group 1: Guarantee Overview - The company has agreed to provide a joint liability guarantee for its subsidiary, Hebei Weiyuan Biochemical Co., Ltd., for a total amount not exceeding RMB 680 million for the year 2025 [1] - The guarantee is effective from the date of approval at the company's 2024 annual general meeting until the relevant guarantee amount proposal is reviewed at the 2025 annual general meeting [1] Group 2: Guarantee Progress - The company has provided a maximum guarantee for all main contracts signed between Weiyuan Biochemical and Bank of Communications Co., Ltd. Hebei Branch from June 17, 2025, to June 17, 2026, with a maximum debt amount of RMB 52 million [2] Group 3: Board of Directors' Opinion - The board believes that the guarantee for Weiyuan Biochemical is necessary for the subsidiary's daily operations and long-term development, aligning with the company's overall interests and not harming the interests of the company or minority shareholders [2] Group 4: Total External Guarantees - As of now, the total external guarantees provided by the company and its subsidiaries amount to RMB 1,126.115 million, which is 40.69% of the latest audited net assets attributable to the parent company's shareholders [2] - The guarantees provided by the company's subsidiaries to each other total RMB 50.8439 million, accounting for 1.92% of the latest audited net assets attributable to the parent company's shareholders [2] - There are no overdue guarantees, litigation-related guarantees, or losses incurred due to guarantees resulting in judgments against the company [2]

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