Zhejiang Zhengte: intends to provide a guarantee of not more than 50 million yuan for its wholly-owned subsidiary.

Zhejiang Zhengte announced that the 9th meeting of the 4th Board of Directors approved a proposal to provide a guarantee for its wholly-owned subsidiary, Germany ZT, with a guarantee amount not exceeding 50 million yuan, for it to apply for bank credit. This matter still needs to be reviewed by the shareholders' meeting and does not constitute a related party transaction. Germany ZT was established on June 5, 2023, with Zhejiang Zhengte holding 100% of the shares and its most recent asset-liability ratio is 94.31%. From January to September 2025, Germany ZT's revenue was 134 million yuan, with a net profit of -12.9226 million yuan. After this guarantee, the total guarantee amount for the company and its holding subsidiaries is 50 million yuan, accounting for 4.73% of the most recent audited net assets.