Zhejiang Longsheng (600352): Progress Of External Guarantee

Zhejiang Longsheng (600352) announced on the evening of March 7 that on March 4, 2022, the company issued six "maximum amount of irrevocable guarantees" to Hangzhou branch of China Merchants Bank Co., Ltd. (hereinafter referred to as "CMB") to provide the maximum amount of guarantee for the financing and credit matters of the wholly-owned subsidiary Zhejiang dyeing and Chemical Co., Ltd., and the maximum amount of the creditor's rights guaranteed is RMB 400 million and its interest and expenses, etc; Provide the maximum amount of guarantee for the financing and credit of Shaoxing Jinguan, a wholly-owned subsidiary, with the maximum amount of creditor's rights guaranteed to be RMB 200 million and its interest and expenses, etc; To provide the maximum guarantee for the financing and credit of Zhejiang Hongsheng, a wholly-owned subsidiary, with the maximum amount of creditor's rights guaranteed to be RMB 400 million and its interest and expenses, etc; Provide the maximum amount of guarantee for the financing and credit of Zhejiang Annuo, a wholly-owned subsidiary, with the maximum amount of creditor's rights guaranteed as RMB 200 million and its interest and expenses, etc; Provide the maximum amount of guarantee for the financing and credit matters of Zhejiang Jisheng, a wholly-owned subsidiary, with the maximum amount of creditor's rights guaranteed to be RMB 50 million and its interest and expenses, etc; Provide the maximum amount of guarantee for the financing and credit of Hangzhou Longshan, a wholly-owned subsidiary. The maximum amount of debt guaranteed is RMB 130 million and its interest and expenses. As of March 4, 2022, the company has actually provided a total of 2.197 billion yuan for Zhejiang dyeing and Chemical Co., Ltd., 493 million yuan for Shaoxing Jinguan, 1.132 billion yuan for Zhejiang Hongsheng, 469 million yuan for Zhejiang Annuo and 119 million yuan for Zhejiang Jisheng, The total amount of guarantee provided for Hangzhou Longshan is 102 million yuan, which is within the scope of guarantee approved by the 2020 annual general meeting of shareholders.