Zhangyuan Tungsten Industry: Provide guarantee for subsidiary's 110 million yuan loan.

Tungsten Industry of Zhangyuan announced that its wholly-owned subsidiary GanZhou Aoke Tai plans to borrow 50 million yuan and 60 million yuan respectively from ICBC Chongyi Branch and China Merchants Bank Ganzhou Branch for daily production and operation, with the company providing the guarantee. The proposal has been approved by the board of directors and does not need to be submitted to the shareholders' meeting for approval. GanZhou Aoke Tai's revenue in the first three quarters of 2025 was 615 million yuan, with a net profit of 7.9918 million yuan; in 2024 the revenue was 666 million yuan, with a net loss of 6.8228 million yuan. After this guarantee, the company and its controlling subsidiaries have an approved guarantee limit of 400 million yuan, with an actual use of 149 million yuan, accounting for 6.99% of the audited net assets in 2024.