Core Viewpoint - The company has provided guarantees for its wholly-owned subsidiary, Suqian Liansheng Additives Co., Ltd., to support its operational needs, with a total guarantee amount of RMB 65 million [1][5][6]. Summary by Sections Guarantee Details - The company has signed a maximum guarantee contract to provide a guarantee of RMB 30 million for Suqian Liansheng Additives with Huaxia Bank Suqian Branch [1][3]. - Additionally, the company has provided a guarantee of RMB 40 million for itself with Jiangsu Bank Suqian Branch [1][4]. - The total amount of guarantees provided by the company to its subsidiaries is RMB 64.575 million, which accounts for 31.43% of the company's latest audited net assets [6]. Financial Performance of Subsidiaries - Suqian Liansheng Additives Co., Ltd. reported total assets of RMB 591.3677 million and net assets of RMB 272.8153 million for the first half of 2025 [2]. - The subsidiary's revenue for the first half of 2025 was RMB 138.2673 million, with a net profit of RMB 13.5109 million [2]. - The parent company, Suqian Liansheng Technology Co., Ltd., reported total assets of RMB 3.0155135 billion and net assets of RMB 1.8975781 billion for the first half of 2025 [3]. Board Decisions and Risk Management - The board of directors approved the guarantee arrangements during meetings held on April 27, 2025, and May 19, 2025, confirming that the guarantees align with the company's overall interests and development plans [2][5]. - The company emphasizes that the guarantees do not harm the interests of the company or minority shareholders and that the risks are manageable [5][6].

Core Viewpoint - The company has announced the provision of guarantees for its subsidiaries, specifically for Yantai New Special Road New Materials Technology Co., Ltd. and its own subsidiary, Suqian Liansheng Additives Co., Ltd., to support their operational financing needs [1][2][5]. Summary by Sections Guarantee Overview - The company has provided a guarantee amounting to RMB 10 million for Yantai New Special Road, with a total guarantee balance of RMB 20 million [1]. - The company has also provided a guarantee of RMB 150 million for Suqian Liansheng Additives, with a total guarantee balance of RMB 430 million [1][6]. - The total external guarantees provided by the company amount to RMB 645.75 million, which is 31.43% of the company's latest audited net assets [6]. Internal Decision-Making Process - The company held meetings on April 27, 2025, and May 19, 2025, to approve the external guarantee limits for the year 2025, allowing for a total guarantee amount not exceeding RMB 823.5 million [2][3]. Basic Information of the Guaranteed Entities - Yantai New Special Road is a wholly-owned subsidiary of the company, established in November 2016, with a registered capital of RMB 13.5 million and a focus on new materials technology [3][4]. - Suqian Liansheng Technology Co., Ltd. is a publicly listed company with a registered capital of RMB 418.97 million, involved in the research, production, and sales of polymer additives and fine chemical products [4]. Main Content of Guarantee Agreements - The guarantee for Yantai New Special Road is for a loan from Rizhao Bank Yantai Branch, with a guarantee period from June 26, 2025, to June 26, 2026 [5]. - The guarantee for Suqian Liansheng Additives is for a loan from Shanghai Pudong Development Bank Suqian Branch, with a guarantee period from June 26, 2025, to June 18, 2026 [5]. Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary to ensure the normal operation of the subsidiaries, with the company maintaining control over their management and operations [5]. - The company asserts that these guarantees do not harm the interests of the company or its minority shareholders and are aligned with the company's overall interests and development plans [5]. Board of Directors' Opinion - The board has approved the guarantees, emphasizing the importance of strengthening financial internal controls and monitoring the economic performance of the guaranteed entities to mitigate risks [6].