Lee & Man Paper Manufacturing Limited on 25 March 2026 disclosed that its indirect wholly owned unit, Guigang Lee & Man Paper Company Limited, signed a fixed-asset Loan Agreement on 10 February 2026 with Industrial and Commercial Bank of China’s Guigang Sub-branch for up to RMB1.50 billion.

Under the facility terms, the parent company has provided a corporate joint-and-several liability guarantee covering the subsidiary’s full repayment obligations, including the principal amount of RMB1.50 billion. The board stated that the guarantee was negotiated at arm’s length and considers the arrangement fair, reasonable and in the interests of shareholders as a whole.

The guarantee does not trigger any notifiable or connected-transaction requirements under Chapters 14 and 14A of the Hong Kong Listing Rules. The disclosure has been made voluntarily to keep shareholders and potential investors informed.