Zhejiang Yongtai Technology Co., Ltd. Progress Announcement on Providing Guarantees for Subsidiaries

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Securities Code: 002326 Securities Abbreviation: Yongtai Technology Announcement No.: 2026-022

Zhejiang Yongtai Technology Co., Ltd.

Announcement on the Progress of Providing Guarantees for Subsidiaries

This company and all members of the board of directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or material omissions.

I. Overview of the Guarantee Situation

Zhejiang Yongtai Technology Co., Ltd. (hereinafter referred to as the “Company”) was approved by the Company’s 2024 annual general meeting of shareholders convened on May 19, 2025. The Company agreed to provide guarantees, with a cumulative total amount not exceeding RMB 430,000 million, for certain subsidiaries included in the scope of the consolidated financial statements. The guarantee额度 can be used on a revolving basis, meaning that it provides joint liability guarantees for such subsidiaries’ financing from various domestic banks and other institutions (including but not limited to RMB/foreign currency loans, bank acceptance bills, letters of credit issuance, import and export bill discounting, packaged loans, bank guarantees, financial leasing, etc.). Among them, the guarantee额度 for certain subsidiaries with an asset-liability ratio not exceeding 70% shall not exceed RMB 200,000 million, and the guarantee额度 for certain subsidiaries with an asset-liability ratio exceeding 70% shall not exceed RMB 230,000 million. The guarantee额度 may be reallocated among subsidiaries, but when the reallocation occurs, the guarantee object with an asset-liability ratio exceeding 70% can obtain guarantee额度 only from guarantee objects with an asset-liability ratio exceeding 70%. The guarantee methods include but are not limited to guarantees, mortgages, and pledges. The specific guarantee amount and the guarantee period shall be implemented according to the specific contract. The Company is also authorized to have the chairman of the board fully represent the Company to sign guarantee agreements and other legal documents and handle other related matters within the scope of the额度. For details, see the Company’s announcement on April 28, 2025 in The Securities Times, China Securities Journal, Shanghai Securities News, Securities Daily and the website of Juchao Information Network (

II. Progress of the Guarantee

To meet the operating needs of its subsidiaries, the Company provides a guarantee for a credit facility of RMB 34.00 million in principal for its wholly owned subsidiary Shanghai Nonghui Chemical Co., Ltd. (hereinafter referred to as “Shanghai Nonghui”). The above guarantee matters do not involve related-party transactions, nor do they involve any counter-guarantee arrangements. Within the guarantee额度 range approved by the Company’s general meeting of shareholders, the specific usage of the guarantee额度 is as follows:

Unit: RMB 10,000

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III. Main Contents of the Guarantee Agreement in This Transaction

Guaranteed party: Shanghai Nonghui Chemical Co., Ltd.

Guarantor: Zhejiang Yongtai Technology Co., Ltd.

Guarantee method: joint liability guarantee

Guarantee principal: RMB 34.00 million

Guarantee term: three years from the date the fulfillment period of each debt under the master contract expires. If the debts under the master contract are divided into several parts (e.g., installment drawdowns), and the fulfillment periods of each part are not the same, then the guarantee period is three years from the date the fulfillment period of the last installment of the master debt expires. If the debtor defaults and the creditor recovers the creditor’s claim early, the guarantor shall bear the guarantee liability in advance.

Guarantee scope: the creditor’s principal, interest, penalty interest, liquidated damages, compensation, and the guarantee deposit(s) that should be paid but have not been paid under the master contract; all bank charges related to the creditor’s principal debt (including but not limited to letter of credit issuance fees, letter of credit amendment fees, bill of lading endorsement fees, acceptance fees, collection fees, risk assumption fees); the realization expenses of the creditor’s and/or the security rights (including but not limited to collection expenses, litigation fees, preservation fees, enforcement fees, lawyers’ fees, fees for disposal of secured assets, announcement fees, auction fees, transfer fees, travel expenses, etc.), as well as other losses incurred by the debtor to the creditor.

The specific circumstances shall be subject to the terms set out in the signed guarantee agreement or guarantee documents.

IV. Board of Directors’ Opinions

The board of directors is of the view that the financial risk of the guarantee provided in this transaction is within the Company’s controllable range. The Company is capable of controlling the operating and management risks. The guarantee provided to the subsidiaries will not affect the Company’s normal operations, and the subsidiaries’ financing is needed for day-to-day operations, which meets the requirements of the Company’s overall development strategy. The guarantee provided by the Company to the subsidiaries in this transaction complies with relevant regulations; the decision-making procedures are lawful and effective, and will not prejudice the interests of the Company and its minority shareholders.

V. Total Number of Cumulative External Guarantees and Number of Overdue Guarantees

As of the date of this announcement, due to some guarantees for subsidiaries having expired, the Company and its controlling subsidiaries’ cumulative guarantee balance for the subsidiaries is RMB 360,766.39 million, accounting for 135.05% of the Company’s net assets audited for the most recent period. The Company and its controlling subsidiaries do not provide guarantees to entities outside the scope of the consolidated financial statements, and there are also no overdue guarantees, no guarantees involved in litigation, and no cases where guarantees were ruled against due to a loss in court.

This announcement is hereby given.

Zhejiang Yongtai Technology Co., Ltd.

Board of Directors

March 25, 2026

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