DCWT (03768) announced that under the mutual financing guarantee agreement, as of the date of this announcement, the company has utilized approximately RMB 200 million of the RMB 500 million loan/credit guarantee limit provided to Kunming Water Group and its wholly-owned subsidiaries (of which about RMB 100 million has been repaid by Kunming Water Group and its subsidiaries under their loan agreements with financial institutions, while the remaining RMB 100 million is still under normal performance). Meanwhile, Kunming Water Group has fully utilized its RMB 500 million loan/credit guarantee limit for DCWT and its wholly-owned subsidiaries (all of which remain under normal performance).

On November 11, 2025, DCWT and Kunming Water Group signed the "Financing Guarantee Framework Agreement," under which Kunming Water Group will unilaterally provide an additional cumulative guarantee limit of up to RMB 500 million for DCWT and its wholly-owned subsidiaries, with the limit being reusable. The guarantee covers all obligations under financing contracts signed by DCWT and its subsidiaries, as well as guarantee contracts/terms between Kunming Water Group and financial institutions under the framework agreement, including but not limited to loan/credit principal, interest, penalties, damages, and related fees. The guarantee period will follow the terms of agreements with financial institutions.

No guarantee fees will be charged under the framework agreement, and DCWT and its subsidiaries are not required to provide counter-guarantees.