Lier Chemical: Providing guarantees for subsidiaries

iDaily AI Express. Li Er Chemical (SZ 002258, closing price: 14.77 yuan) announced on the evening of March 27 that, to support the project construction and operational development of its subsidiaries, and in light of each subsidiary’s project schedule and annual operating capital needs, on March 26, 2026, the Third Meeting of the Seventh Session of the Board of Directors of Li Er Chemical Co., Ltd. (hereinafter referred to as the “Company” or “Li Er Chemical”) approved the resolution titled “Proposal on Providing Guarantees for Subsidiaries.” The Company plans to provide, for subsidiaries Guang’an Li Er Chemical Co., Ltd. (hereinafter referred to as “Guang’an Li Er”), Sichuan Li Er Crop Science Co., Ltd. (hereinafter referred to as “Li Er Crop”), Hunan Li Er Biotechnology Co., Ltd. (hereinafter referred to as “Li Er Biology”), Hubei Lituo Chemical Technology Co., Ltd. (hereinafter referred to as “Hubei Lituo”), Guang’an Green Source Recycling Technology Co., Ltd. (hereinafter referred to as “Guang’an Green Source”), Sichuan Foresen International Trading Co., Ltd. (hereinafter referred to as “Sichuan Foresen”), Hunan Bidai Biochemical Technology Co., Ltd. (hereinafter referred to as “Bidai Biochemical”), Jiangyou Qixingming Huachuang Chemical Co., Ltd. (hereinafter referred to as “Qixingming Huachuang”), and Hebi Sike Chemical Co., Ltd. (hereinafter referred to as “Sike Chemical”), a joint liability guarantee with a total amount not exceeding 22.994 billion yuan for their applications to banks for credit facilities. As of the date of disclosure of the announcement, the total guarantee credit facilities approved cumulatively for the Company and its controlling subsidiaries is approximately 6.759 billion yuan, accounting for 85.69% of the Company’s audited net assets as of the end of 2025. Of this, the guarantee amounts approved for wholly owned subsidiaries and controlling subsidiaries are approximately 6.759 billion yuan, accounting for 85.69% of the Company’s audited net assets as of the end of 2025; the Company and its controlling subsidiaries provide no guarantees to entities outside the consolidated financial statements.

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(Reporter: Zeng Jianhui)

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