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Guangzhou Tinci High-tech Materials Co., Ltd.

About the company and its wholly-owned subsidiary Jiujiang Tinci jointly applying to HSBC

Announcement on Comprehensive Credit Grants Not Exceeding RMB 230 Million

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and that there are no false records, misleading statements or major omissions.

I. The amount that can be applied to relevant financial institutions for financing and provide guarantees to subsidiaries in 2019

Guangzhou Tinci High-tech Materials Co., Ltd. (hereinafter referred to as the "Company") held the 37th meeting of the fourth board of directors and the 2018 annual general meeting on April 19, 2019 and May 14, 2019 respectively, and reviewed and approved the "Proposal on Applying for Financing Quota from Relevant Financial Institutions in 2019" and "Proposal on Providing Guarantee Quota to Subsidiaries in 2019", it is agreed that the company and its subsidiaries included in the scope of the company's consolidated statements will apply to relevant financial institutions in 2019. The total amount does not exceed With a comprehensive credit line of RMB 2.5 billion, it is agreed that the amount of guarantee provided by the company to the subsidiaries included in the company's consolidated financial statements shall not exceed RMB 1.8 billion. For details, please refer to the company's disclosure on April 23, 2019 and May 15, 2019 in the designated information disclosure media "Securities Times", "China Securities Journal", "Shanghai Securities News", "Securities Daily" and Juchao Information Website (http://www.cninfo.com.cn) relevant announcements.

2. The application for the comprehensive credit line to the relevant financial institutions this time

In order to meet the production, operation and normal business development needs of the company and its subsidiary Jiujiang Tinci High-tech Materials Co., Ltd. (hereinafter referred to as "Jiujiang Tinci"), and to ensure the sustainable development of the company and its subsidiary Jiujiang Tinci, the company held a meeting on January 17, 2020. The 46th meeting of the 4th Board of Directors reviewed and approved the "Proposal on the Joint Application of the Company and its Wholly-owned Subsidiary Jiujiang Tinci to HSBC for a Comprehensive Credit Line of No More than RMB 230 Million", and agreed that the Company and its subsidiary Jiujiang Tinci shall jointly provide the HSBC Bank (China) Co., Ltd. Guangzhou Branch (hereinafter referred to as "HSBC Bank Guangzhou Branch") applies for a comprehensive credit extension of not more than RMB 230 million (inclusive), with a term of one year (from the date when the credit extension application is approved by the bank), Jiujiang When Tianci uses the credit, the company will provide a joint liability guarantee of no more than RMB 150 million. Details are as follows:

Authorize the legal representatives of the company and its subsidiaries to sign legal contracts and documents related to the above-mentioned credit granting matters, and authorize the finance department to handle the relevant credit granting procedures.

Up to now, the company and its subsidiaries included in the scope of the consolidated statements have applied for a total amount of comprehensive credit to financial institutions of RMB 1.781 billion (including this time), and the total amount of guarantees provided by the company to the subsidiaries included in the scope of the consolidated statements is RMB 920 million ( Including this time), within the limit approved by the company's general meeting of shareholders.

3. The credit guarantee

Regarding the guarantee that the company and its subsidiary Jiujiang Tinci jointly apply to HSBC for a comprehensive credit line of no more than RMB 230 million

1. Guarantee

When Jiujiang Tianci used the credit line, the company provided a joint liability guarantee of not more than RMB 150 million.

2. Basic information of the guarantor

Company Name: Jiujiang Tinci High-tech Materials Co., Ltd.

Legal representative: Xu Sanshan

Registered capital: 407 million yuan

Date of establishment: October 30, 2007

Registered address: No. 88, Jinsha South Avenue, High-tech Industrial Park, Hukou County, Jiujiang City, Jiangxi Province

Relationship with the company: the company holds 100% of the shares

Business scope: research, manufacturing, wholesale and retail of organosilicon materials, lithium-ion battery materials, daily fine chemicals, surfactants, additives, industrial salts; production and sales of sulfuric acid (the safety production license is valid until 2020-7-27 Japan); operating the export business of the company's self-produced products and related technologies; operating the import business of raw and auxiliary materials, machinery and equipment, instruments, spare parts and related technologies required by the company's production and scientific research; domestic commercial and material supply and marketing business . (For projects subject to approval according to law, business activities can only be carried out after approval by relevant departments)

The main financial data of the most recent year (single):

Unit: ten thousand yuan

4. The number of external guarantees and overdue guarantees of the company

Up to now, the total amount of external guarantees provided by the company and its subsidiaries included in the company's consolidated statements is 0 yuan, and the total amount of guarantees provided by the company to subsidiaries included in the company's consolidated statements is RMB 920 million (including this time). The company and its subsidiaries included in the company's consolidated statements do not have overdue guarantees.

Documents for reference:

"Resolution of the 46th Meeting of the Fourth Board of Directors of Guangzhou Tinci High-tech Materials Co., Ltd."

Special announcement.

Board of Directors of Guangzhou Tinci High-tech Materials Co., Ltd.

January 18, 2020