Iron Stream Co., Ltd.: providing a guarantee of 20 million yuan to its wholly-owned subsidiary.

On August 19, 2025, Tielio Group and Hangzhou Bank signed a "Maximum Guarantee Contract," providing a joint and several guarantee of up to 20 million yuan for its wholly-owned subsidiary Gaige New Energy Co., Ltd., with no counter-guarantee. As of the date of the announcement, the actual guarantee balance provided to them reached 30 million yuan. The company will provide this guarantee within the authorized scope approved in the previous period, without the need for a separate meeting. Gaige New Energy had an asset-liability ratio of over 99% as of March 31, 2025. As of the disclosure date of the announcement, the company had a total guarantee amount of 261.01 million yuan to its subsidiaries, accounting for 15.50% of the latest audited net assets, with no overdue guarantees.