Yuan Da Holdings provides a 4 billion credit guarantee for its subsidiary, with the total guarantee amount accounting for nearly 5 times its net assets.

FOD Holding Group Co., Ltd. issued a progress announcement on providing guarantees for its subsidiaries. The company has provided guarantees for five subsidiaries, including Ningbo FOD and FOD Energy Chemical, to apply for credit lines from China CITIC Bank and Shanghai Pudong Development Bank, with a total amount not exceeding 400 million RMB. This guarantee is within the expected limit and does not require further deliberation. The announcement warns that the total amount of external guarantees by the company and its holding subsidiaries exceeds 100% of the most recent audited net assets, presenting risks. After this guarantee, the total amount of external guarantees by the company and its holding subsidiaries reaches 11.65 billion RMB, accounting for 495.80% of the audited net assets in 2024, with no overdue or litigation-related guarantees. The board of directors believes that the guarantees can support the business of the subsidiaries while keeping the risks under control.