Teda Co., Ltd. announced that Runtai Environmental Protection, a second-tier subsidiary of the company, applied for financing of 150 million yuan from the Bank of Communications for a period not exceeding 8 months, and the company provided a joint liability guarantee; Yangzhou Teda Environmental Protection applied for 50 million yuan in financing from Economic Development Factoring for a period not exceeding 12 months, and Teda Environmental Protection, a holding subsidiary of the company, provided a joint liability guarantee. After this guarantee, the guarantee balance provided by the company and its holding subsidiaries was $9.162 billion, accounting for 169.26% of the company's total audited net assets in the latest period. The board of directors of the company believes that the risk is manageable, and there are no circumstances that harm the company's interests.

Teda Co., Ltd. announced that Runtai Environmental Protection, a second-tier subsidiary of the company, applied for financing of 150 million yuan from the Bank of Communications for a period not exceeding 8 months, and the company provided a joint liability guarantee; Yangzhou Teda Environmental Protection applied for 50 million yuan in financing from Economic Development Factoring for a period not exceeding 12 months, and Teda Environmental Protection, a holding subsidiary of the company, provided a joint liability guarantee. After this guarantee, the guarantee balance provided by the company and its holding subsidiaries was $9.162 billion, accounting for 169.26% of the company's total audited net assets in the latest period. The board of directors of the company believes that the risk is manageable, and there are no circumstances that harm the company's interests.