Does Hongda Industrial Co., Ltd. guarantee Hongda Industrial Group?

Guaranteed. According to the inquiry of Hongda official website, the Notice on Regulating the Exchange of Assets between Listed Companies and Related Parties and External Guarantee of Listed Companies shows that Hongda Industrial Co., Ltd. provides guarantee for Hongda Industrial Group. Hongda Industrial Co., Ltd. intends to be a wholly-owned subsidiary of Inner Mongolia Wuhai Chemical Co., Ltd.