Zhejiang Longsheng (600352): Progress Of External Guarantee

In May 2026, Zhejiang Shenghua Bank Co., Ltd. signed a guarantee of RMB 352.6 billion with Ping'an Bank Limited (hereinafter referred to as guarantee amount of RMB 352.6 billion).

On May 6, 2022, the company signed four maximum guarantee contracts with Shangyu sub branch of Bank of Shaoxing Co., Ltd. (hereinafter referred to as "Shaoxing bank") to provide maximum guarantee for the credit extension of the wholly-owned subsidiary Zhejiang dye chemical bank. The maximum amount of creditor's rights guaranteed is RMB 350 million and its interest and expenses; To provide the maximum guarantee for the credit extension of Zhejiang Jisheng bank, a wholly-owned subsidiary, with the maximum amount of creditor's rights guaranteed being RMB 100 million and its interest and expenses, etc; Provide the maximum amount of guarantee for the credit extension of the wholly-owned subsidiary Zhejiang Keyong bank, with the maximum amount of creditor's rights guaranteed as RMB 130 million and its interest and expenses, etc; Provide the maximum amount of guarantee for the credit extension of the wholly-owned subsidiary Zhejiang Ensheng bank. The maximum amount of the guarantee is RMB 90 million and its interest and expenses. As of April 30, 2022, the company has actually provided a total of RMB 2.365 billion for Zhejiang dyeing and Chemical Co., Ltd., RMB 95 million for Zhejiang Jisheng, RMB 174 million for Zhejiang Keyong and RMB 49 million for Zhejiang Ensheng, The above guarantees are within the scope of guarantee amount approved by the general meeting of shareholders in 2020.