Hainan Junda provides comprehensive credit guarantee of one billion yuan for its wholly-owned subsidiary.

Hainan Junda New Energy Technology Co., Ltd. announced that it will provide joint liability guarantee for the 1 billion yuan comprehensive credit line applied by its wholly-owned subsidiary Chuzhou Jietai New Energy Technology Co., Ltd. to the Chuzhou Branch of Shanghai Pudong Development Bank. The company has previously approved the guarantee amount for its subsidiaries, so no further approval is required for this guarantee within the approved limit. Chuzhou Jietai was registered in December 2021 with a registered capital of 1.2 billion yuan. By the end of 2024, its total assets were 8.621 billion yuan, with a net profit of -0.223 billion yuan in 2024. Currently, the company and its wholly-owned subsidiaries have provided guarantees totaling 9.218 billion yuan, accounting for 237.14% of the most recent audited net assets, with no overdue or litigation-related guarantees.