ST Hua Yang: Provided a counter-guarantee of 100 million yuan to the controlling shareholder, with a total accumulated guarantee of more than 26 billion yuan.

ST Huayang announced that, in order to meet the operating fund needs, the company has applied for a 50 million yuan working capital loan from the Changsha Branch of Huaxia Bank, and a 50 million yuan commercial acceptance bill discounting business from the Changsha Branch of China Citic Bank. The controlling shareholder, Xiangjiang Group, provides guarantees, and the company has signed a counter-guarantee agreement with them, providing joint and several liability counter-guarantees, and paying a guarantee fee of 0.5% per year. The company has also approved an increase in the financing guarantee amount to Xiangjiang Group by 1 billion yuan, raising the total guarantee limit to 2 billion yuan. As of the announcement date, the company and its controlling subsidiaries have provided guarantees totaling 2.602 billion yuan to external parties, accounting for 609.19% of the most recent audited net assets, with no overdue guarantees.