Group 1 - The company announced a guarantee of 300 million yuan for its wholly-owned subsidiary, Jianfa Pulp and Paper, to apply for a designated delivery warehouse for newsprint futures at the Shanghai Futures Exchange [1] - Prior to this guarantee, the company had already issued a guarantee of 300 million yuan for Jianfa Pulp and Paper regarding the renewal of the agreement for bleached sulfate softwood pulp futures warehouse [1] - As of the end of July 2025, the company's actual external guarantee balance amounts to 189.658 billion yuan and 3.319 billion USD [1]