Jingjin Electric provides a guarantee of 20 million yuan for the Heze subsidiary company.

Jingjin Electric Technology Co., Ltd. Announcement: In order to meet the business development funding needs of its wholly-owned subsidiary, Jingjin Electric Technology Co., Ltd. intends to apply for a revolving loan of no more than 20 million yuan from the Jinan branch of China CITIC Bank. The company will provide joint liability guarantee for this loan. As of the announcement date, the actual guarantee balance provided by the company is 121.95 million yuan, the total amount of external guarantees provided by the listed company and its holding subsidiaries is 141.95 million yuan, accounting for 24.49% of the latest audited net assets. This guarantee is within the approved limit and does not require further approval process. The debt-to-asset ratio of the guaranteed party is 75.09%, and the company has 100% control rights over it, making the guarantee risk controllable and in line with the overall interests of shareholders. Currently, the company has no overdue guarantees or guarantees involved in litigation.