Zhejiang Longsheng announced that in order to guarantee the development of its wholly-owned subsidiary Huasheng and its holding subsidiary Desida in Singapore, they have recently provided joint and several liability guarantees to CMB Hangzhou Branch, Minsheng Bank Hangzhou Branch, and Bank of Hangzhou Shanghai Branch for matters such as comprehensive credit applications. The guarantee amounts are 400 million yuan, 50 million US dollars, and 220 million yuan respectively, with no reverse guarantee. As of December 23, 2025, the total amount of the company's external guarantees was 8.352 billion yuan, accounting for 24.36% of the audited net assets at the end of 2024, with no overdue guarantees.

Zhejiang Longsheng announced that in order to guarantee the development of its wholly-owned subsidiary Huasheng and its holding subsidiary Desida in Singapore, they have recently provided joint and several liability guarantees to CMB Hangzhou Branch, Minsheng Bank Hangzhou Branch, and Bank of Hangzhou Shanghai Branch for matters such as comprehensive credit applications. The guarantee amounts are 400 million yuan, 50 million US dollars, and 220 million yuan respectively, with no reverse guarantee. As of December 23, 2025, the total amount of the company's external guarantees was 8.352 billion yuan, accounting for 24.36% of the audited net assets at the end of 2024, with no overdue guarantees.