Shannon Xinchuang announced that the company's holding company, Wuxi Haipu Storage Technology Co., Ltd., received a joint liability guarantee of up to 150 million yuan from related parties Huang Zewei and Peng Hong for the 150 million yuan financing line applied for from Industrial Bank's Wuxi branch. The guarantee was within the 30 billion yuan credit enhancement quota previously reviewed by the company's board of directors, and the company and subsidiaries did not need to pay credit enhancement fees or provide counterguarantees. As of the date of this announcement, Huang Zewei has provided a total of 23.494 billion yuan of effective guarantees for entities covered by the company's consolidated statements, and Peng Hong has provided a total of 22.92 billion yuan in effective guarantees.

Shannon Xinchuang announced that the company's holding company, Wuxi Haipu Storage Technology Co., Ltd., received a joint liability guarantee of up to 150 million yuan from related parties Huang Zewei and Peng Hong for the 150 million yuan financing line applied for from Industrial Bank's Wuxi branch. The guarantee was within the 30 billion yuan credit enhancement quota previously reviewed by the company's board of directors, and the company and subsidiaries did not need to pay credit enhancement fees or provide counterguarantees. As of the date of this announcement, Huang Zewei has provided a total of 23.494 billion yuan of effective guarantees for entities covered by the company's consolidated statements, and Peng Hong has provided a total of 22.92 billion yuan in effective guarantees.