Group 1 - A new company named Ningjin County Wensheng Trading Co., Ltd. has been established with a registered capital of 10,000 RMB [1] - The legal representative of the company is Wei Lifeng [1] - The business scope includes sales of plastic products, leather products, food plastic packaging containers, industrial textile products, and various daily necessities [1] Group 2 - The company is also involved in internet sales (excluding items that require permits) and sales of engineering plastics and synthetic resins [1] - The company is permitted to conduct business activities independently according to its business license, except for projects that require approval [1]

Company Overview - Kunming Saiqing Trading Co., Ltd. has been established with a registered capital of 100,000 RMB [1] - The legal representative of the company is Mao Xiaoyan [1] Business Scope - The company operates in various sectors including sales of plastic products, manufacturing of plastic packaging containers, and sales of agricultural films [1] - It also engages in the sale of fertilizers, machinery, automotive parts, electronic products, daily necessities, and grains [1] - The company is involved in domestic trade agency, import and export agency, trade brokerage, and domestic cargo transportation agency [1]

Core Insights - Guangzhou Youfeng Food Co., Ltd. has recently been established with a registered capital of 100,000 RMB [1] - The company’s business scope includes internet sales (excluding items requiring permits), retail of edible agricultural products, and wholesale of fresh vegetables and fruits [1] Business Scope - The company engages in the retail and wholesale of fresh vegetables and fruits, as well as pet food and supplies [1] - It also focuses on the sale of food packaging containers, food import and export, and various food processing equipment [1] - Additionally, the company is involved in the sale of health foods (pre-packaged) and food additives [1]

Group 1 - Anhui Hongtai New Materials Co., Ltd. has been established with a registered capital of 8 million RMB [1] - The legal representative of the company is Liang Longquan [1] - The company's business scope includes manufacturing and sales of plastic products, textile products, paper products, and various protective equipment [1] Group 2 - The company is involved in the production and sale of non-medical masks, medical masks, and medical protective supplies [1] - It also engages in the manufacturing and sales of rubber products and food-grade plastic packaging containers [1] - The company is permitted to operate various projects that are not prohibited or restricted by laws and regulations [1]

Group 1 - Guangzhou Hengchang Plastic Products Co., Ltd. has been established with a registered capital of 50,000 RMB [1] - The company's business scope includes processing of mechanical parts and components, manufacturing and sales of rubber products, and sales of plastic packaging containers for food [1] - Additional activities include sales of plastic processing equipment, sales of mechanical equipment, and production of labor protection products [1] Group 2 - The company also engages in the manufacturing of fiberglass reinforced plastic products, toy manufacturing, and sales of outdoor products [1] - The scope of plastic products includes manufacturing and sales of various plastic products and fiberglass reinforced plastic products [1]

Group 1 - A new company named Huai'an Zhiguo Material Technology Co., Ltd. has been established with a registered capital of 500,000 RMB [1] - The legal representative of the company is Ma Bujun [1] - The company's business scope includes research and development of new material technology, technical services, and sales of various packaging materials and products [1] Group 2 - The company is involved in the sales of specialized packaging equipment and food-grade plastic packaging containers [1] - It also engages in the retail of arts and crafts, excluding ivory and its products, as well as disposable medical supplies [1] - The company is authorized to conduct business activities independently based on its business license, without needing further approval for certain projects [1]

Summary of Key Points Core Viewpoint - The company Shanghai Xianggang Packaging Technology Co., Ltd. has provided a guarantee of 102 million RMB for its subsidiary Jiusu Technology (Shanghai) Co., Ltd., which is not an affiliate of the company. The guarantee is part of a broader approved credit limit of up to 500 million RMB for its subsidiaries [1][2]. Group 1: Guarantee Details - The guarantee amount provided by the company for Jiusu Technology is 102 million RMB, with a total actual guarantee balance of 113.5324 million RMB as of the announcement date [1][2]. - The guarantee is structured under a "Maximum Guarantee Contract" to support Jiusu Technology's bank credit and related business [1]. - The company has no overdue external guarantees [1][4]. Group 2: Subsidiary Information - Jiusu Technology was established on February 13, 2014, with a registered capital of 40 million RMB and is located in the China (Shanghai) Pilot Free Trade Zone [2]. - The company’s recent financial data shows total assets of 453.6562 million RMB and total liabilities of 261.4750 million RMB as of March 2025 [3]. - Jiusu Technology reported a net profit of 14.6816 million RMB for the first quarter of 2025, compared to a total annual net profit of 46.2934 million RMB for 2024 [3]. Group 3: Rationale for Guarantee - The guarantee is deemed necessary for Jiusu Technology's daily operational needs and is expected to positively impact its long-term development and operational stability [4]. - The company holds a 70% stake in Jiusu Technology, and the guarantee risk is considered controllable, with no significant adverse effects anticipated on the company's operations or shareholder interests [4].