Ningbo Energy: Providing approximately 124 million yuan in guarantees and related transactions to affiliated companies.

Ningbo Energy announced that the company plans to provide guarantees for the delivery warehouse of low-sulfur and high-sulfur fuel oil futures for its equity company Zhoushan Huatai Petroleum Co., Ltd., and will bear an irrevocable joint guarantee responsibility based on a 20% equity ratio, with a simulated guarantee amount of approximately 1.24 billion yuan. As of the date of the announcement, the total amount of external guarantees provided by the company and its holding subsidiaries was 7.135 billion yuan, accounting for 164.41% of the latest audited net assets, exceeding the net assets by 100%. This proposal still needs to be submitted for review at the second extraordinary shareholders' meeting in 2025.