According to the Innovation New Materials announcement, in order to meet capital requirements, the subsidiary Innovation Metal provided a guarantee of 650 million yuan for the company to apply for comprehensive credit and loan services from the bank, of which 450 million yuan guarantee was provided to the Bank of Beijing Head Office Sales Department and 200 million yuan guarantee to the Guangzhou branch of the International Bank of Macau. As of the announcement date, the external guarantee balance of the company and its subsidiaries was $13.576 billion, accounting for 125.87% of the latest audited net assets; the company's guarantee balance to subsidiaries was $6.218 billion, and the subsidiary's guarantee balance to the company was $3,569 million, with no overdue guarantees. The guarantee is within the amount anticipated in the early period, and the risk is manageable.

According to the Innovation New Materials announcement, in order to meet capital requirements, the subsidiary Innovation Metal provided a guarantee of 650 million yuan for the company to apply for comprehensive credit and loan services from the bank, of which 450 million yuan guarantee was provided to the Bank of Beijing Head Office Sales Department and 200 million yuan guarantee to the Guangzhou branch of the International Bank of Macau. As of the announcement date, the external guarantee balance of the company and its subsidiaries was $13.576 billion, accounting for 125.87% of the latest audited net assets; the company's guarantee balance to subsidiaries was $6.218 billion, and the subsidiary's guarantee balance to the company was $3,569 million, with no overdue guarantees. The guarantee is within the amount anticipated in the early period, and the risk is manageable.