Friend Group: In January 2026, pledged assets reached 150 million yuan, with a total of 2.961 billion yuan.

The Youfa Group announced that the shareholder meeting on December 26, 2025 approved a proposal to provide and accept guarantees for the fiscal year 2026, with a total guarantee amount not exceeding 16.663 billion yuan. From January 1 to 31, 2026, Jiangsu Youfa and Tangshan Youfa New Building Materials used their own assets for pledge, with a book value of 150.36 million yuan. As of January 31, the company's total pledged assets amounted to 2,961.18 million yuan, accounting for 37.34% of the latest audited net assets. This pledge is to meet normal production and operation needs, with controllable risks.