Zhefu Holdings announced that Zhejiang Shenlian Environmental Protection Group Co., Ltd., a wholly-owned subsidiary of the company, and Agricultural Bank of China Co., Ltd. Fuzhou Jinggong Branch signed a “Maximum Guarantee Contract” to provide a joint liability guarantee for the maximum balance of the 405 million yuan claim applied by the bank within the scope of the consolidated statement. The guarantee period is three years from the date the debt performance period expires. The guarantee was approved by the shareholders of Shenlian Environmental Protection Group. There is no need to submit it to the company's board of directors and shareholders' meeting for consideration. It is not a related transaction, and there are no counterguarantees. As of the disclosure date of this announcement, the total amount of guarantees approved by the company for subsidiaries covered by the consolidated statement was 5.30 billion yuan, with a guarantee balance of 1,211 billion yuan, accounting for 10.06% of the company's most recent audited net assets; the subsidiary's cumulative guarantee balance for subsidiaries covered by the consolidated statement was 5.574 billion yuan, with no external overdue guarantees.

Zhefu Holdings announced that Zhejiang Shenlian Environmental Protection Group Co., Ltd., a wholly-owned subsidiary of the company, and Agricultural Bank of China Co., Ltd. Fuzhou Jinggong Branch signed a “Maximum Guarantee Contract” to provide a joint liability guarantee for the maximum balance of the 405 million yuan claim applied by the bank within the scope of the consolidated statement. The guarantee period is three years from the date the debt performance period expires. The guarantee was approved by the shareholders of Shenlian Environmental Protection Group. There is no need to submit it to the company's board of directors and shareholders' meeting for consideration. It is not a related transaction, and there are no counterguarantees. As of the disclosure date of this announcement, the total amount of guarantees approved by the company for subsidiaries covered by the consolidated statement was 5.30 billion yuan, with a guarantee balance of 1,211 billion yuan, accounting for 10.06% of the company's most recent audited net assets; the subsidiary's cumulative guarantee balance for subsidiaries covered by the consolidated statement was 5.574 billion yuan, with no external overdue guarantees.