Fangyuan Co., Ltd. announced that in order to meet the circular production and operation needs of Fangyuan's wholly-owned subsidiary, the company signed a “maximum guarantee contract” with the Bank of China to provide it with a joint liability guarantee of up to 100 million yuan. The guarantee period is until December 31, 2026. This guarantee is a renewal of the previous contract. There is no increase in the guarantee balance. The balance after the guarantee is still 1.34 billion yuan. As of the disclosure date of the announcement, the actual external guarantee balance of the company and its holding subsidiaries accounted for 238.84% of the most recent audited net assets, and there were no overdue guarantees.

Fangyuan Co., Ltd. announced that in order to meet the circular production and operation needs of Fangyuan's wholly-owned subsidiary, the company signed a “maximum guarantee contract” with the Bank of China to provide it with a joint liability guarantee of up to 100 million yuan. The guarantee period is until December 31, 2026. This guarantee is a renewal of the previous contract. There is no increase in the guarantee balance. The balance after the guarantee is still 1.34 billion yuan. As of the disclosure date of the announcement, the actual external guarantee balance of the company and its holding subsidiaries accounted for 238.84% of the most recent audited net assets, and there were no overdue guarantees.