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Jiangsu Jiuding New Materials Co., Ltd. Announcement on the Progress of Guarantee
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Securities Code: 002201 Stock Short Name: JIUDING NEW MATERIALS Announcement No.: 2026-16
Jiangsu Jiuding New Materials Co., Ltd.
Announcement on the Progress of a Guarantee
The Company and all members of the Board of Directors warrant that the information disclosed in this announcement is true, accurate, and complete, and there are no false records, misleading statements, or material omissions.
I. Overview of the Guarantee Matters
Jiangsu Jiuding New Materials Co., Ltd. (hereinafter referred to as the “Company”) considered and approved the “Proposal on Estimated Guarantee Credit Limits for the Company in 2025” at the Company’s 11th Session of the Board of Directors’ Second Meeting held on April 18, 2025, and the 2024 Annual General Meeting of Shareholders held on May 15, 2025. The resolution included, among others, that the Company agrees to provide a total guarantee credit limit of no more than RMB 150.00 million to its wholly-owned subsidiary Jiangsu Jiuding Grinding Tools New Materials Co., Ltd. (hereinafter referred to as “Jiuding Grinding Tools”), a total guarantee credit limit of no more than RMB 100.00 million to its wholly-owned subsidiary Jiangsu Jiuding Industrial Materials Co., Ltd. (hereinafter referred to as “Jiuding Industrial”), and a total guarantee credit limit of no more than RMB 100.00 million to its wholly-owned subsidiary Jiangsu Jiuding Special Fibers Co., Ltd. (hereinafter referred to as “Jiuding Special Fibers”). For the specific details, please refer to the Company’s disclosures in the “Securities Times” and on the website of Juchao Information Network on April 22, 2025 and May 16, 2025, respectively (This continues below.)
II. Progress of the Guarantee Matters
(1) Progress of the Guarantee for Jiuding Grinding Tools
Recently, the Company’s wholly-owned subsidiary Jiuding Grinding Tools entered into the “Working Capital Loan Contract” (Contract No.: 0111100017-2026 (Rugao) Zi 00660) (hereinafter referred to as the “Main Contract 1”) with the Rugao sub-branch of the Industrial and Commercial Bank of China Co., Ltd. (hereinafter referred to as the “Industrial and Commercial Bank Rugao Sub-branch”), agreeing that the loan amount is RMB 10.00 million, and the loan term is 12 months, calculated from the date of drawdown.
The Company and the Industrial and Commercial Bank Rugao Sub-branch entered into the “Guarantee Contract” (Contract No.: 0111100017-2026 Rugao (Guarantee) Zi 0060), agreeing that the Company provides a joint liability guarantee for the creditor’s rights under Main Contract 1 between the Industrial and Commercial Bank Rugao Sub-branch and Jiuding Grinding Tools, with the guarantee period being three years from the day immediately following the maturity date of the loan term under Main Contract 1 or the date when it becomes due earlier.
(2) Progress of the Guarantee for Jiuding Industrial
Recently, the Company’s wholly-owned subsidiary Jiuding Industrial entered into the “Operating Express Loan Contract” (Contract No.: 0111100017-2026 (Rugao) Zi 01014) (hereinafter referred to as the “Main Contract 2”) with the Industrial and Commercial Bank Rugao Sub-branch, agreeing that the loan amount is RMB 10.00 million, and the loan term is 12 months, calculated from the date of drawdown.
The Company and the Industrial and Commercial Bank Rugao Sub-branch entered into the “Guarantee Contract” (Contract No.: 0111100017-2026 Rugao (Guarantee) Zi 0082), agreeing that the Company provides a joint liability guarantee for the creditor’s rights under Main Contract 2 between the Industrial and Commercial Bank Rugao Sub-branch and Jiuding Industrial, with the guarantee period being three years from the day immediately following the maturity date of the loan term under Main Contract 2 or the date when it becomes due earlier.
(3) Progress of the Guarantee for Jiuding Special Fibers
Recently, the Company’s wholly-owned subsidiary Jiuding Special Fibers entered into, with the Industrial and Commercial Bank Rugao Sub-branch, the “Operating Express Loan Contract” (Contract No.: 0111100017-2026 (Rugao) Zi 01058) (hereinafter referred to as the “Main Contract 3”) and the “Operating Express Loan Contract” (Contract No.: 0111100017-2026 (Rugao) Zi 01059) (hereinafter referred to as the “Main Contract 4”), agreeing that the loan amount is RMB 8.00 million and RMB 1.00 million, respectively, and the loan term is 12 months, calculated from the date of drawdown, respectively.
The Company and the Industrial and Commercial Bank Rugao Sub-branch entered into the “Guarantee Contract” (Contract No.: 0111100017-2026 Rugao (Guarantee) Zi 0083) and the “Guarantee Contract” (Contract No.: 0111100017-2026 Rugao (Guarantee) Zi 0094), respectively, agreeing that the Company provides, respectively, a joint liability guarantee for the creditor’s rights under Main Contract 3 and Main Contract 4 between the Industrial and Commercial Bank Rugao Sub-branch and Jiuding Special Fibers, with the guarantee period being three years from the day immediately following the maturity date of the loan term under Main Contract 3 and Main Contract 4 or the date when they become due earlier, respectively.
III. Total Number of External Guarantees and Number of Guarantees with Past Due Amounts
After this guarantee, the balance of external guarantees provided by the Company and its subsidiaries within the scope of consolidated financial statements is RMB 235.3160 million, accounting for 21.44% of the Company’s latest audited net assets. Of this amount: guarantees for companies within the scope of consolidated financial statements are RMB 235.3160 million, accounting for 21.44% of the Company’s latest audited net assets; guarantees for companies outside the scope of consolidated financial statements are RMB 0 million, accounting for 0% of the Company’s latest audited net assets. All of the above guarantees are being fulfilled normally, and there are no guarantees with past due amounts.
IV. Documents for Reference
“Working Capital Loan Contract” (Contract No.: 0111100017-2026 (Rugao) Zi 00660);
“Guarantee Contract” (Contract No.: 0111100017-2026 Rugao (Guarantee) Zi 0060);
“Operating Express Loan Contract” (Contract No.: 0111100017-2026 (Rugao) Zi 01014);
“Guarantee Contract” (Contract No.: 0111100017-2026 Rugao (Guarantee) Zi 0082);
“Operating Express Loan Contract” (Contract No.: 0111100017-2026 (Rugao) Zi 01058);
“Guarantee Contract” (Contract No.: 0111100017-2026 Rugao (Guarantee) Zi 0083);
“Operating Express Loan Contract” (Contract No.: 0111100017-2026 (Rugao) Zi 01059);
“Guarantee Contract” (Contract No.: 0111100017-2026 Rugao (Guarantee) Zi 0094).
Announcement is hereby given.
Board of Directors of Jiangsu Jiuding New Materials Co., Ltd.
March 27, 2026
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