Shandong Zhongrui, a subsidiary, provided joint liability guarantee for a financing lease of over 8.08 million yuan.

Shandong Zhongrui Industrial Development Co., Ltd. issued a progress announcement on providing guarantees for its subsidiary. Recently, its wholly-owned subsidiary Daye Jingpeng conducted financing leasing business for daily operations, and the company provided a joint and several liability guarantee to the lessor for this business with a maximum amount of 8,087,040 yuan. As of the end of 2024, Daye Jingpeng's total assets were 154,531,500 yuan, and its net profit for the first half of 2025 was -212,500 yuan. As of the disclosure date of the announcement, the company and its controlling subsidiary provided guarantees for the subsidiaries included in the consolidated financial statements with a balance of 954 million yuan, and guarantees for entities outside the consolidated financial statements with a balance of 9 million yuan, with no overdue external guarantees. The company stated that this guarantee is a normal commercial activity, does not affect continuous operation, and does not harm the interests of the company and shareholders.