Dashing Win: Providing a 75 million RMB joint liability guarantee to the holding subsidiary.

Da Sheng Da announced that the company has signed a "Maximum Guarantee Contract" with Xiaoshan Agricultural Bank, providing joint responsibility guarantee for a total of 75 million yuan debt of its wholly-owned subsidiary Hangzhou Shengming Paper Co., Ltd., with a guarantee period from May 20, 2026 to May 11, 2027. This guarantee is within the expected amount without providing any counter guarantee. As of the disclosure date of the announcement, the company's external guarantee amount is 90 million yuan, accounting for 2.77% of the latest audited net assets, with no overdue guarantee situations.